History suggests that bitcoin could be heading for a volatile week.
The consumer price index excluding food and energy numbers will be released by the United States government on Thursday, January 12.
Although the most recent months saw a decline in the inflation rates compared to the peaks in the summer of 2022, the estimates still show a painful picture.The upcoming CPI numbers will play a crucial role in the US Federal Reserve’s decision on whether to continue its current monetary policy of raising interest rates. Given how 2022 went and the increase to 4.5% within a year, it would be wise to assume that more hikes are coming.
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