What time does the CPI number come out and how does it influence cryptocurrency trading?

3 answers

• Schneider OlsonDec 23, 2024 · a year ago
  The CPI number, or Consumer Price Index, is released by the government on a monthly basis. It usually comes out around 8:30 am EST on the designated release day. This economic indicator measures the average change in prices over time for a basket of goods and services. When the CPI number is higher than expected, it suggests that inflation is increasing, which can have a negative impact on cryptocurrency trading. Investors may become more cautious and seek safe-haven assets like gold or stablecoins. On the other hand, if the CPI number is lower than expected, it indicates lower inflation, which can be positive for cryptocurrency trading as it may attract more investors seeking higher returns.
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• May FrederickAug 21, 2023 · 2 years ago
  The release time of the CPI number is an important event for cryptocurrency traders. It is usually scheduled for release on the second or third week of each month. Traders closely monitor this economic indicator as it provides insights into the overall health of the economy and inflationary pressures. A higher CPI number can lead to concerns about rising inflation, which may prompt investors to sell off their cryptocurrency holdings and seek more stable assets. Conversely, a lower CPI number can boost confidence in the economy and potentially attract more investors to the cryptocurrency market. It's important to stay updated on the release time of the CPI number and its impact on cryptocurrency trading to make informed investment decisions.
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• Kay BondeOct 23, 2021 · 4 years ago
  As an expert in the cryptocurrency industry, I can tell you that the release of the CPI number is a significant event for traders. It usually takes place on the second or third week of each month and is closely watched by investors. The CPI number provides insights into inflationary pressures and the overall health of the economy. If the CPI number comes out higher than expected, it could signal increasing inflation, which may lead to a decrease in cryptocurrency prices. Conversely, if the CPI number is lower than expected, it could indicate lower inflation and potentially attract more investors to the cryptocurrency market. It's important to stay informed about the release time of the CPI number and its impact on cryptocurrency trading to make informed investment decisions.
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