BlockBeats News, September 10: The U.S. will release the August PPI, with market expectations for the annual growth rate to remain at 3.3%; then on September 11, the CPI is expected to rise to a 2.9% annual growth rate. Although still above the Fed’s 2% target, investors believe the Fed no longer considers “targeting 2%” as a prerequisite for rate cuts. On the other hand, the Bureau of Labor Statistics significantly revised down the total nonfarm payroll employment from March 2024 to March 2025 by 911,000, the largest revision since 2000, interpreted by the market as providing legitimacy for the Fed to start rate cuts.
On the macroeconomic front, data falling in the “2.7%–2.9%” range is most favorable for the stock market, as it can avoid recession concerns and not trigger fears of runaway inflation. However, if the CPI or PPI exceeds expectations on the upside, it may disrupt the market’s confident bet on a September rate cut, and the U.S. dollar will face upward pressure.
In the crypto market, BTC is eyeing the liquidity zone between $108,500–$109,000 below; resistance above is at $113,500–$114,000. ETH remains above the $4,250–$4,300 support zone, with resistance above at $4,480–$4,500.
Bitunix analyst recommendation:
Inflation and employment revision data are intertwined, and in the short term, market sentiment still leans towards “bullish rate cut trades.” If the data remains within a moderate range, risk assets have room for a rebound; but if the inflation data exceeds expectations, a strengthening U.S. dollar may suppress BTC and ETH, requiring special attention to the key supports at BTC $108,800 and ETH $4,250.
