Fed interest increases reach their peak while inflation cools down: Implications for Chancer
Fed interest increases reach their peak while inflation cools down: Implications for Chancer
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The USA published weak employment and inflation data this month.
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The Fed could now raise interest rates less often than expected.
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A moderate tone could be an advantage for Chancer and other cryptocurrencies.
American stocks jumped to a high of several months, while the US dollar index has slipped to the lowest level since April 2022 on Thursday. The returns of US bonds and the CBOE VIX index also fell into the minus after the United States published encouraging inflation data. These figures could have an impact on cryptocurrencies in connection with the soft job data of the past week, including chancellor .
US inflation and employment data
the USA published the number of employment last week. A report by ADP showed that the American economy created over 400,000 jobs in June, the highest number in years. A separate report by the Statistics Office showed that the country's economy has created over 209,000 new jobs in the course of the month. The official report was relatively soft than expected.
On Wednesday the USA released weak consumer information data. According to the Bureau of Labor Statistics, the total consumer price index (VPI) fell from 4 % in May to 3.0 % in June. The core inflation also continued in the course of the month.
therefore the inflation moves near the 2 %brand. Rate and this trend could occur faster than expected. On the one hand, the global shopping costs have dropped greatly, while China approaches deflation. China is a great exporter to the United States.
These numbers will affect all financial investments due to their effects on the Federal Reserve. Most economists now believe that the FED will carry out a further rate increase of 0.25 % this month and then pause for an indefinite period. In a note an analyst by point72 :
"What we see is in line with the fact that the market will screw its expectations back after the July meeting, but it does not seem to be scope for interest rate cuts this year.
A change in Fed's policy would be a good cause for assets such as stocks and cryptocurrencies.
The sale of Chancer token continues
A big crypto new features of the week, the Chancer developers have introduced further options for buying the token. In addition to Busd, the developers Ethereum, Tether (USDT) and Binance Coin added as options for buying the token. This is an important step because it offers users various ways to invest in the tokens.
🚀💎 The moment you have been waiting is! 🌟💸
You can now buy $ chancer with $ ETH 💥🔥
Take part, secure your tokens and ride to incredible win on the wave! 🌐💰
🤑hier: https://t.co/ihffmmdhck pic.twitter.com/ppsxsdqfrq
- Chancer.com (@Chancerproject) 12. July 2023
The advance sale of the Chancer token is going well. On the one hand, thousands of people have already bought the token, so that the total amount amounts to over $ 748,000. The total amount of the sold Chancer token amounts to over 74 million.
First of all, Chancer is a platform that wants to revolutionize the sports betting and forecast market with the help of blockchain technology. It is a global platform that enables people to bet with cryptocurrencies on international sports.
At the same time, Chancer enables every member to create their own markets and stream them live using the platform tools. For example, a user can create a market for a local game and then have a global audience bet on it. The user receives a share of all amounts placed on this market.
Chancer is now selling token while the developers are preparing to start the test network in the coming months. You can buy the $ Chancer token . You should also read the Chancer Weißes paper We recommend above all to be careful if you invest in channels and other token-pre-sales.
Source: Coinlist.me
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