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Investors Brace for US CPI Data Amid Inflation and Job Report Concerns

  • Traders are eagerly awaiting the US Consumer Price Index (CPI) data, which is crucial in understanding inflationary pressure.
  • Expectations are that the consumer price index will fall from 0.2% in August to 0.1% in September, with a year-over-year inflation rate of 2.3%.
  • The Core CPI, excluding energy and food costs, is anticipated to decrease to 0.2% from 0.3% in the previous month, while staying at 3.2% for the year.
  • The cryptocurrency market is holding its breath, with potential for a rise if inflation data is lower-than-expected, but risks of stronger selling pressure if it reflects a hotter level.

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