Here are the data for the CPI publications 2023 and FOMC sessions

Here are the data for the CPI publications 2023 and FOMC sessions

The publications of the consumer price index (CPI) that show the current inflation rate in the USA, and the meetings of the Federal Open Market Committee (FOMC), which determine the rate increases in the country, have led to considerable price fluctuations on the cryptocurrency market in the past few months.

In the following we take a look at the dates of the events in 2023.

The CPI calendar

The annual inflation numbers are quite breathtaking in certain countries such as Lebanon (162 %), Venezuela (over 150 %), Turkey (almost 90 %) and Argentina (88 %). The situation in well-developed and leading countries such as the USA may sound less harmful, but the most powerful economy in the world achieved a 40-year high in June with an inflation of over 9 %.

Although the latest data have revealed the numbers for November Preserver-Spaces = "True"> reduces , the numbers are still many times higher than that healthy-around 2 % Increase in the annual comparison.

The CPI publications usually affect the prices of most cryptocurrencies, including Bitcoin. Almost every announcement from 2022 brought an increased volatility for the market, which is why it is important to see when the numbers are published for 2023.

The US Bureau of Labor Statistics provides this. The January numbers will be switched live on February 14, while the following data are: March 14, April 12, May 10, June 13, July 12, August 10, September 12, October 12, November 14, and December 12th (each show the inflation rate of the previous month).

The FOMC sessions

The Federal Reserve has used several procedures to combat the economic crisis and the galloping inflation, whereby the most remarkable may be the control of interest rates. As a result, the costs for borrowing are more expensive, which is intended to restrict the purchase of certain goods and services.

The Fed announced seven interest rate increases in 2022 and took the benchmark to 4.5 % (the highest level for 15 years). Some estimate that this percentage could increase in 2023, and here are the next FOMC sessions that will take place all year round: February 1, March 22, May 14, July 26, September 20, November 1st and December 13th

The course fluctuations from Bitcoin were obvious every time the US central bank adapted the interest rates. When the institution raised the benchmark by 0.5 % in December, the primary cryptocurrency fell within a few minutes from $ 18,300 to $ 17,850

on the contrary, BTC rose over $ 20,500 when the Fed increased the interest rates in November by 75 basis points.

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