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Gulrukh khan
November 10 $ETH Market Update
Rising rate hike expectations, waiting for CPI to set the direction
Recent New York Fed survey shows one-year inflation expectations at 3.9%, higher than the expected 3.78%. Coupled with Fed officials continuously emphasizing inflation risks, market concerns about a December rate hike have resurfaced.
The US October CPI will be released tonight at 21:30, and this data is very important.
Looking at ETH, it dropped to a low of 2051 yesterday, rebounded near 2150,
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