While it is wondered whether the Fed's interest rate hike moves, which is one of the biggest factors in the decrease in the Bitcoin price in the last 1 year, are over or will continue, the biggest indicator in this regard will be the inflation figures that will be announced on Wednesday.

According to the news of the Wall Street Journal from the US media, the Ministry of Labor expects May inflation, which was announced as 4 percent, to decrease to 3 percent. This will bring one step closer to the 2 percent target that the Fed has set since the beginning. At the same time, this figure will be the lowest level in the last two years.
It was also written in the news that core inflation, which had difficulty in falling, is expected to remain higher than the headline inflation and to be around 5%. The last announced core inflation figure was 5.3%. The 5 percent level (if it comes this way) will also be an 18-month low.
The news also included the views of various economists. The general expectation was that core inflation would decrease significantly in the upcoming period and reach between 3.5% and 4%.
It will be critical for Bitcoin
The figures, which will be announced on Wednesday, will also be an important milestone in the course of Bitcoin. Because these figures will also determine what kind of policy the Fed will follow in interest rate hikes. Experts expect the Fed to raise interest rates by 25 basis points in July, but the latest situation in the markets, pressure from the business world and the continuing effects of the banking crisis in March make this move risky.
Fed Chairman Powell, after his decision not to increase interest rates in June and to keep it constant, said, "It may be necessary to increase interest rates a few more times this year," and gave a signal in this direction.
Continuing the Fed's drastic interest rate hikes may lead to further pressure on the price of other investment instruments such as Bitcoin.
#BountyCreator# #ContentStar# #HotTopicDiscussion#