Key inflation reports this week are poised to impact the crypto markets as the Federal Reserve's dual mandate of maximum employment and stable prices comes under focus. The August Producer Price Index (PPI) will be released on Wednesday, followed by the Consumer Price Index (CPI) on Thursday, both serving as critical indicators of inflation trends. Additionally, the Michigan Consumer Sentiment Index and Consumer Inflation Expectations will be published on Friday, potentially affecting consumer confidence and spending. Despite recent claims of no inflation, data suggests otherwise, with Bank of America economists forecasting a rise in CPI. Over the weekend, crypto markets remained stable, with Bitcoin and Ethereum trading within tight ranges, while altcoins like XRP and Solana experienced gains.
Inflation Reports to Influence Crypto Markets Ahead of Fed Meeting
This content is for informational purposes only and does not constitute investment advice.
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