While the markets are questioning whether there will be an interim meeting before the Fed’s meeting on September 18th and therefore whether the Fed will cut interest rates, the two most important data will be released this week. PPI and CPI data for July in the US will be announced on Tuesday and Wednesday this week, respectively.

Will there be a decline in CPI again?

Especially CPI figures are of great importance for the course of risky assets, including Bitcoin. While it continues to be discussed whether the Fed can reach its 2% target, the figure for June was 3%. Expectations are for consumer inflation to come in at 3% this month… The producer price index, which has recently exceeded expectations, will be announced on Tuesday and the consumer price index on Wednesday. Before the two data, it is noteworthy that Bitcoin sags below $60,000 again.

The dilemma continues

Markets are experiencing a dilemma. The markets, which recently priced the cooling of the economy positively, experienced a decline this time due to fears of recession in the latest data. In other words, inflation coming in below 3% this week may seem positive in terms of the cooling of the economy, but it may also trigger recession fears and bring a decline in risky assets.

On the other hand, a higher-than-expected inflation rate may alleviate recession fears and eliminate the possibility of an interim Fed meeting.

On the other hand, the Japanese stock market, which was the main factor in last week’s declines, will be closed today.

At the time of writing, Bitcoin is trading around $58,400.