Coin6: If U.S. CPI Dips To 1.9%, Speaks Bullish For Crypto

Updated : 2019-06-12T18:04:00

The U.S. Bureau of Labor Statistics will debut its much-awaited US Consumer Price Index (CPI) at 12:30 (UTC) on June 12. Citing Gary L., Coin6’ in-house analyst, if the metrics pull back to 1.9%, the call-out to the Federal Reserve System to loosen its monetary policies is likely to resonate more within the public. Accompanying its unwind in September, chances of a Fed rate cut are thick. The cryptocurrency market is estimated to benefit from a rate cut with an immense inflow of new capital.