US CPI UPDATES: The global tradition and digital asset markets are reacting in accordance with the much awaited Consumer Price Index (CPI) data. The yet to be released CPI data will determine whether the Federal Reserve goes in for further tightening of monetary policy.
How’re Global Markets Reacting?
As per the data, STOXX Europe 600 index went on to close at 0.9% higher on Monday. However, Asia-Pacific markets depicted some mixed signals on Tuesday. Japan set positive sentiments as it announced the nomination of Kazuo Ueda as the new Bank of Japanese governor.
On the other hand, the U.S. stock futures registered a decline as investors looks ahead to the crucial inflation data. A huge wave of inflation has kept investors dubious regarding the future events.
As per experts, banks are expecting the US CPI data to be in the range of 5.8% to 6.7% keeping the median of 6.2%. It is being calculated that if the inflation rate comes out to be at 5.8% then it would mark the 7th straight monthly decline. This positive outcome will motivate the investors to push money into the markets.
The post US CPI Set To Decline? Here’s What Trends Suggest appeared first on CoinGape.
