【BlockBeats】New changes in US economic data. The initial January one-year inflation rate forecast was released at 4.2%, exceeding the market expectation of 4.1%, and roughly unchanged from the previous value of 4.20%, indicating that inflationary pressures have not shown significant relief.
More notably, the consumer side performance is worth paying attention to. The University of Michigan’s latest release of the January Consumer Confidence Index initial value reached 54, not only surpassing the expected 53.5 but also higher than the previous 52.9, indicating signs of improvement in consumer sentiment. The stable inflation data combined with rising consumer confidence creates a scenario that could impact market sentiment, which is worth observing.
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Layer2Arbitrageur
· 01-12 10:21
yo inflation stuck at 420bps while consumer confidence pumps... that's the spread you're looking for. if you're not already positioning for this basis arbitrage, you're leaving money on the table fr fr
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PonziWhisperer
· 01-12 03:16
Inflation is holding things up, but consumers are holding on, which is quite interesting.
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DeFiVeteran
· 01-11 00:16
Inflation still hasn't decreased, 4.2% remains the same as before
Consumer confidence has risen, which feels even more suspicious... Is this to manipulate the market?
Is the Federal Reserve about to change its stance again? I can't understand
Wait, consumption is improving but inflation hasn't come down... How should we interpret this?
I bet this round of market movement will be proven wrong; the overly positive news is actually unsafe
Interest rate hikes are not over yet, and with high consumer confidence, should we buy the dip? Not necessarily
This set of data basically indicates a sign of stagflation, don't be fooled
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GasWaster
· 01-09 15:31
Inflation is rising instead of falling, but consumers are actually starting to feel optimistic—this logic is a bit crazy.
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MagicBean
· 01-09 15:30
Inflation is still 4.2, no change. Consumer confidence has actually increased, which is a bit strange. Is there something I haven't understood?
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NotGonnaMakeIt
· 01-09 15:27
Inflation hasn't been brought down, but consumer confidence has actually bounced back... This combination of data is a bit strange, huh
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FarmHopper
· 01-09 15:23
Inflation hasn't decreased, but consumer confidence is actually rising? This situation is quite interesting.
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GasFeeCrying
· 01-09 15:10
Inflation remains sticky, and consumers are still holding on. Can this wave push prices higher?
Consumer confidence seems to be rebounding nicely, but 4.2% inflation is hardly coming down.
Wait, is this data bullish or bearish for the crypto prices?
It's that kind of "bittersweet" combination again, the most annoying kind.
Consumer confidence is rising? It might just be temporary, don't celebrate too early.
Inflation data hasn't improved at all.
The rebound in the confidence index feels a bit strange...
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GasFeeTherapist
· 01-09 15:04
Inflation still hasn't decreased much, but consumer confidence has rebounded? That's a bit strange.
Rising consumer confidence indicates that people still have some money to spend, which might help the subsequent market trend.
A confidence index of 54... doesn't sound very high. Can it really drive a rally?
Inflation is stuck at 4.2, is the Federal Reserve really out of options?
Consumer confidence has increased, will the Federal Reserve delay interest rate cuts again? If so, that would impact the crypto prices...
Wait, consumer spending is strong but inflation hasn't decreased. Isn't this a bit contradictory?
It seems that this data doesn't have much direct impact on the blockchain space; we still need to see how the Federal Reserve will respond.
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MemeKingNFT
· 01-09 15:03
Inflation is holding up, and consumer confidence is climbing... Is this wave about to bottom out? How are the on-chain data looking? Is anyone watching?
US January inflation expectations exceed forecasts at 4.2%, consumer confidence rebounds to 54
【BlockBeats】New changes in US economic data. The initial January one-year inflation rate forecast was released at 4.2%, exceeding the market expectation of 4.1%, and roughly unchanged from the previous value of 4.20%, indicating that inflationary pressures have not shown significant relief.
More notably, the consumer side performance is worth paying attention to. The University of Michigan’s latest release of the January Consumer Confidence Index initial value reached 54, not only surpassing the expected 53.5 but also higher than the previous 52.9, indicating signs of improvement in consumer sentiment. The stable inflation data combined with rising consumer confidence creates a scenario that could impact market sentiment, which is worth observing.