💥💥The latest CPI data is bearish, while initial jobless claims for the week are bullish💥💥

Many expect the Federal Reserve to proceed with further interest rate cuts, with a higher likelihood of a 25-point cut in November.

This data comes at a crucial time for Harris and the Democratic Party as they address voter dissatisfaction with rising prices.

This CPI report is also the last before the upcoming election, adding to its significance.

All eyes are now on the US stock market’s opening tonight, with inflation announced at 2.4%, slightly higher than the expected 2.3%.

A market uptick is highly likely, and the key question remains: will the crypto market follow the movements of US stocks this time? Let’s wait and see.

#moonbix #BTC60KResistance #SCRLaunchpoolStarts! #USCoreCPIUp #USRateCutExpected