QCP: Tonight's CPI Data Could Impact Rate Expectations, with the Market Currently Expecting the Fed to Cut Interest Rates Four Times This Year

BlockBeats News, March 12th: QCP released its daily analysis stating, "The market sentiment is tense, and trade tensions have escalated again, with new tariffs expected to be implemented on April 2nd. Today, new tariffs of 25% on steel and aluminum imports have taken effect, prompting a swift retaliation from the European Union, which plans to impose countermeasures on goods worth 26 billion euros (about 22 billion pounds) starting next month."

Market volatility has soared. The VIX index briefly rose to 28 before falling back to 26.6. However, the Cboe VIX futures curve has inverted, suggesting that the market may be approaching a bottom. At the same time, tonight's Consumer Price Index (CPI) data may impact interest rate expectations. The market is currently expecting the Fed to cut rates four times this year, compared to just one time expected in January.

In the cryptocurrency market, the Securities and Exchange Commission (SEC) has delayed approving ETF applications for XRP, SOL, LTC, ADA, and DOGE until May. It has also announced a high-risk roundtable discussion on cryptocurrency regulation to be held on March 21st. However, with GBTC selling 641 bitcoins, Bitcoin ETFs have seen a net outflow of 153.87 million dollars, indicating that investors remain cautious about the market."