🔥🔥🔥Tonight is undoubtedly an extremely critical moment! ! ! $BTC
The CPI release time is set at 20:30, and the Federal Reserve's interest rate meeting is ushered in in the early morning. This is bound to be an unsettling night.
First of all, the CPI data will be released at 20:30. Considering that the previous non-agricultural data far exceeded expectations, the CPI situation this time is really difficult to be optimistic about.
Then, at 2 a.m., the Federal Reserve will announce its interest rate decision and a summary of its economic expectations, known as the FOMC meeting.
And, tomorrow night around 2:30 a.m., Fed Chairman Jerome Powell will speak.
If the data shows toughness, it is very likely to force Powell, who is known as a hawk, to make hawkish remarks.
The June FOMC meeting is undoubtedly one of the most important meetings of the year, as Powell will give his clearest hint yet on the timetable for rate cuts.
If the CPI data shows a positive state, then it is more likely to fluctuate upward.
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