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Can a Lower-Than-Expected Inflation Print Push ETH Above $3K?
Ethereum (ETH) is once again pushing hard to climb back to $3,000 after a positive inflation report that saw prices in the United States rise by 2.7% on an annualized basis, below analysts’ forecasts. A delayed November report was published earlier today, and the market reacted positively as analysts had predicted that the consumer price index (CPI) would surge by 3.1% in the past 12 months. Lower-than-expected inflation is positive as it could prompt the Federal Reserve to ease its grip on interest rates and may raise the odds of an earlier-than-anticipated cut. FedWatch’s Rate Cut Probabilities for January FOMC ... (full story)
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