{"id":21611,"date":"2022-07-13T08:18:20","date_gmt":"2022-07-13T08:18:20","guid":{"rendered":"https:\/\/errante.net\/?p=21611"},"modified":"2022-07-13T08:18:20","modified_gmt":"2022-07-13T08:18:20","slug":"the-us-cpi-preview-13th-july-2022","status":"publish","type":"post","link":"https:\/\/errante.net\/th\/the-us-cpi-preview-13th-july-2022\/","title":{"rendered":"The US CPI Preview – 13th July 2022"},"content":{"rendered":"\n
U.S. June consumer prices data due early on Wednesday has market participants’ undivided attention, standing as the last potentially market-moving catalyst before second-quarter earnings season hits full stride.<\/p>\n\n\n\n
According to a poll by Bloomberg, inflation is expected to rise 8.8% year-on-year in June compared with 8.6% in May. If expectations meet reality, this would mark the fastest increase in consumer prices since the 8.9% figure back in December 1981.<\/p>\n\n\n\n
Such a development will most likely reinforce market bets of more aggressive Fed rate hikes, ultimately injecting dollar bulls with fresh momentum.<\/p>\n\n\n\n
High inflation numbers could lead to further interest rate hikes by the US Federal Reserve. Crypto experts believe that heightened inflation numbers may once again send the crypto markets into a tailspin due to Fed tightening fears. However, if the CPI numbers surprise everyone with indications of US economic cooling, crypto markets may witness an upward movement.<\/p>\n\n\n\n
In anticipation of increased inflation numbers, crypto markets have already been correcting for the last few days. Top cryptocurrency Bitcoin\u2019s<\/a> price has plunged to $19,496 in the last 24 hours.<\/p>\n\n\n\n At the end of the week, there will also be a barrage of key releases ranging from the latest retail sales, industrial production, and consumer sentiment which will provide insight into the health of the US economy.<\/p>\n\n\n\n Have your trading charts ready for 15.30 GMT+3 for the CPI results!<\/strong><\/p>\n\n\n\n If you have any questions, please email our Education Centre<\/a>.<\/p>\n\n\n\n If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.net<\/a>.<\/p>\n\n\n\n We are Errante. Trading made personal<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" The US CPI Preview – 13th July 2022 U.S. June consumer prices data due early on Wednesday has market participants’ undivided attention, standing as the last potentially market-moving catalyst before second-quarter earnings season hits full stride. According to a poll by Bloomberg, inflation is expected to rise 8.8% year-on-year in June compared with 8.6% in […]<\/p>\n","protected":false},"author":6,"featured_media":21622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7718,7712],"tags":[],"yoast_head":"\n