In the global markets, the eyes have been converted into US inflation data, which investors are eagerly waiting. Specifically, the index of dollars, gold prices, stocks and cryptocurrencies, has a decisive impact on CPI data (consumer price index), which is important in the direction of the market. So when will the US inflation data be announced?
Inflation data in the United States is regularly announced by the US Department of Labor every month. CPI data for August is one of the most curious things about investors in recent years. So when will the US inflation data be announced? Why is U.S. inflation data important? The US Federal Bank (Fed) accepting inflation data at interest rate is the most important index. A inflation data above expectations increases the possibility of Fed maintaining strict monetary policies; The data below is expected to be considered a promising signal for cutting interest rates. For this reason, the inflation rate of August, will be announced, will be very important not only for the US economy, but also for all global markets. Especially investors; Dollar/TL exchange rate, gold price, Borsa Istanbul and Bitcoin will follow the possible effects on cryptocurrency assets. Market expectation While economists are expected to decline in limited inflation data in August on the basis of the annual basis, core inflation will be more determined in shaping the Fed's decisions. If the data is still below the expectation, the risk cravings in the global market will increase and it seems that the developing currencies will achieve value.