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CryptoSML
Jan 12, 2023
6.5% As expected and relief rally
100%
2 users
6.5% + and bearish momentum starts
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Hello Villa Community,
Whats your thoughts on the USA CPI data that is set to be released today, As powell said in his last speech in december that their plan is to have inflation rate around 2% which they feel is the ideal scenerio but however with the world's macro economics and RUSSIA -UKRAINE war still continuing and more economic crisis happening in many countries around the globe the inflation rate is currently at 7.1% which 3.5x more than what powell wants..

INDIA's CPI Data is also relasing today in approx 1 hour however that wont impact hugely on market that much but however if india's CPI data lowers then i feel many more indian users will be motivated to put a tiny % of their capital in Crypto but as with whole world all will be depending on the USA's inflation data more..

Whats your thought on USA CPI data are we gonna see 50 base point reduction from last CPI data which was at 7,1% and we go to 6.6% or lower ? or the % will be higher than expected ? 
let me know your thoughts in comments and also do give your vote in poll..
Thanks

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