QCP Capital: Weak US CPI data may boost recovery in crypto and risky assets
Publication Time:2024-08-14 19:57:06
All eyes are on the upcoming US Consumer Price Index (CPI) data to be released tonight. With the backdrop of the Federal Reserve's rate-cutting policy, if the CPI data turns out to be weak, it could potentially provide a boost to risk assets like stocks and cryptocurrencies. Lately, the US Producer Price Index (PPI) data has been disappointing, further strengthening market expectations for a Fed rate cut in September. The probability of a 50 basis point cut stands at 52.5%, while a 25 basis point cut is expected with 47.5%. Continued ETF inflows and BlackRock's recent strategy of buying low have provided a relatively stable support for the crypto market. However, considering the absence of major catalysts, the market is anticipated to experience more significant changes and breakthroughs in the fourth quarter.
crypto
Fed Rate Cut
ETF Inflows
risky assets
US CPI data