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📊 [The CPI data for August is out, where is ETH headed?] 📊
On September 11, 20:30 Beijing time, the US August CPI data will be released!
· Overall CPI Year-on-Year: 2.9% (Previous Value 2.7%, Expected 2.9%)
· Core CPI Yearly Rate: 3.1% (excluding energy and food)
The data meets market expectations, but inflationary pressures persist 🔥. ETH reacted steadily on the day, temporarily holding the 4400 USD mark.
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🔍 Data Interpretation and Market Impact:
1. CPI meets expectations, and the Federal Reserve's policy may remain cautious.
· Inflation slightly higher than the previous value (
ETH-3,39%
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