US Inflation Today; Bitcoin Awaits Key Data

The US inflation report is scheduled for release at 16:00 Tehran time and could shift interest rate expectations and cryptocurrency volatility.

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The US CPI report is scheduled for 8:30 a.m. New York on Wednesday, October 14; It means 16:00 Tehran time. At the time of writing this report, the new data had not yet been released. According to the US Bureau of Labor Statistics (BLS), this report covers price changes in September.

In the previous report, the total index increased by 0.4% in August compared to the previous month and the annual rate reached 3.4%. Core inflation, which excludes food and energy, rose 0.3 percent month-on-month and 2.4 percent year-on-year in the same month. These figures are the basis of comparison and do not determine the result of September in advance.

Prior to the release of the data, CoinDesk's live report had announced the expectation for a significant increase in the total index and a slowdown in core inflation. The actual report may differ from the estimates, and the market will not react to just one number.

Higher-than-expected inflation may increase the likelihood of continued tight monetary policy in the market's mind; Such withdrawal can affect bond yield and dollar value. Conversely, lower figures may create different expectations about interest rates. None of these paths guarantee a definite reaction to Bitcoin, as leverage positions, liquidity and other news also affect the price.

Safir Arjan's analysts believe that inflation data can change interest rate expectations and the value of the dollar and the desire for risky assets, but Bitcoin's reaction is not limited to the headline number, and core inflation and data revision are also important. Iranian users should convert the publication time to Tehran time, avoid leveraged trading just before the statistics are announced, and do not confuse volatility with a stable trend.