QCP Asia: Market Awaits Friday CPI Data as US Government Shutdown Eases Macroeconomic Sentiment
BlockBeats News, October 22, QCP Asia stated in its market report on October 22 that due to the U.S. government shutdown leading to the freeze of most official data releases, this week's market focus is entirely on Friday's CPI data, which is the only economic indicator the Fed can refer to before announcing a policy shift.
The report pointed out that if the CPI only rises by 0.2% on a monthly basis, it will help reinforce the "soft landing" expectation and support Bitcoin's upward trend.
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