Analyst: The rise in CPI is likely to suppress the probability of a Fed rate cut.

BlockBeats News, June 11, Exinity Group's Chief Market Analyst Han Tan stated: "The market is well aware that the path toward trade agreements among major economies is not smooth sailing. As long as the risk of further escalation in global trade tensions exists, or even remains elevated for a prolonged period, gold should continue to be supported."

CPI may provide investors with more insights into the Federal Reserve's policy trajectory. "The market expects CPI data to rise, which should dampen the likelihood of Fed rate cuts," Tan added. "We anticipate silver prices to reach $38/ounce in the coming months. Market deficit considerations and a weakening US dollar are key factors driving prices higher, with the potential to test $40/ounce." (Jin10)

Correction/Report

RelatedRecommended

The Fed Decides Not to Cut Interest Rates? Quick Look at PPI, CPI Surprise Rebound and Its Impact on the Crypto Market

Rate Cut Nowhere in Sight? Is There Still Hope for Crypto?

Will the Fed raise rates next week? Tonight's CPI may seal the deal.

Core CPI at 0.2% month-over-month means the Fed stays put, while 0.3% triggers a rate hike.

Kalshi First Research Report: When Predicting CPI, Crowd Wisdom Beats Wall Street Analysts

SignalPlus Macro Research Report: CPI lower than expected, US securities and stocks experience a 'comprehensive' rebound.

Tonight's US CPI, or a blow to September rate hike expectations?

The current interest rate hike probability is around 50%, with benign inflation data potentially prompting a wait-and-see approach. However, the hawkish stance still introduces uncertainty into the future policy outlook.

On-Chain Activity