US Inflation Data and Consumer Confidence Index About to Be Released

Look, once again the market is on the edge waiting for these inflation data from the United States. I am really tired of this endless dance with the Fed, which always seems to want to tighten the economy's belt when we can barely breathe!

According to BlockBeats, the core PCE price index for the US for July will be released at 20:30 UTC+8, followed by the final Michigan Consumer Sentiment Index for August at 22:00. Forecasts point to a monthly increase of 0.3% in the PCE index, the same as the previous month. If confirmed, the annual PCE inflation rate will rise from 2.8% to 2.9% - the highest level since February and the third consecutive monthly increase.

What nonsense! Economists are already saying that this persistent inflation will limit new cuts in interest rates this year. Some analysts even say that only a significant rise in the August CPI inflation data, which comes out in two weeks, could make the Fed rethink its plans for interest rate cuts at the meeting on September 16-17.

In my opinion, this data is manipulated! The average consumer already feels a much higher inflation in their pocket than this 2.9%. Go to the market and try to buy the same items you bought a year ago with the same money... impossible!

Digital exchanges are keeping an eye on all of this, of course. The crypto market reacts strongly to this news, and many traders are adjusting their positions even before the data is released, in a clear demonstration of nervousness.

Is the Fed really going to have the courage to hold off on rate cuts while the real economy suffers? I doubt it very much! They will have to yield because unemployment is already starting to rise and a recession is knocking at the door.

I hate it when these technocrats play with the economy as if it were a game of chess, ignoring the real impact on the lives of ordinary people. And the worst part is that the crypto market, which should be an alternative to this manipulated system, ends up dancing to the Fed's tune as well!

Let's see who comes out winning in this whole story...

21.4k

13

Phantom Sentinal-0712 Finally! Same thoughts.

Veta Conatser cu33 The interest rate will be cut, the Fed has no choice, unemployment is rising, recession is near, if the Fed does not lower it, the stagnation rate will worsen.