Today, the improvement in market sentiment is mainly influenced by the positive PPI, with Trump even stating that inflation no longer exists, which is clearly inaccurate. Trump's core focus is on interest rate cuts to stimulate the economy and support ratings, which is contrary to the Federal Reserve's cautious stance. In fact, the importance of PPI and CPI has diminished; the Federal Reserve has long anticipated that inflation may fluctuate, and the key factor driving the rate cut in September remains the weakening job market. If only considering inflation, a rate cut may still be unlikely; however, combining employment and prices, a 25 basis point cut may be the maximum concession from the conservatives.

From the Bitcoin data, the turnover rate remains low, and the trading activity of short-term investors is insufficient to drive engagement, indicating a decline in price attractiveness. Tomorrow's CPI is the last key data point before the interest rate decision, with expectations for both the overall annual and monthly inflation rates to rise, while core inflation is expected to remain flat. If the results are below expectations, it will boost the market; if above expectations, it may not change the direction of rate cuts but will intensify market indecision. Next week's retail data is also worth paying attention to.

This article is sponsored by #Bitget ｜ @Bitget_zh

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。