Here are five BTC topics to keep in mind in the first U.S. CPI week of 2023.
BTC/USD 1-day candle chart . Source: TradingView
Should this continue or even decline more than expected, hopes that the Fed will decrease rate hikes faster — or even cancel them altogether — will increase. , the chances of a 25-basis-point rate hike this month currently stand at 75% versus a 25% chance of a large 50-basis-point move.Longer term, skeptics, including “Big Short” investor Michael Burry, maintain that inflation will return, with the Fed obliged to raise rates again as a result.
Jan. 8, he wrote in an open letter to Silbert, marked a deadline for the situation to be resolved, but with time up, Silbert himself disputes this.
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