{"id":28977,"date":"2024-09-11T17:45:54","date_gmt":"2024-09-11T14:45:54","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28977"},"modified":"2024-09-11T17:46:14","modified_gmt":"2024-09-11T14:46:14","slug":"markets-await-fed-statements-september-11-2024","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/","title":{"rendered":"Markets Await Fed Statements &#8211; September 11, 2024"},"content":{"rendered":"<p>Markets are following the core CPI, monthly and annual CPI rates to be announced by the Fed. We can say that the cryptocurrency market is also calm before the data. However, after the speech where Kamala Harris and Donald Trump came face to face last night, Bitcoin fell to $ 56,000.<\/p>\n<p>With this decline, the data to come from the US has gained even more importance. Expectations are for core monthly CPI to increase by 0.2 percent (previous 0.2%), annual CPI to increase by 2.5 percent (previous 2.9%), monthly CPI to increase by 0.2 percent (previous 0.2%). Bitcoin may close bullish candles after the decrease in inflation and the increase in hot money as a result of meeting expectations. A volatile market will be waiting for us after the data is announced. Investors need to be careful during this period.<\/p>\n<h2>Looking at Bitcoin Before the Data<\/h2>\n<p>When we look at Bitcoin&#8217;s 4-hour chart before the Fed data, we see that it could not maintain the levels it gained yesterday.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-28982 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/btc.png\" alt=\"\" width=\"1357\" height=\"747\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/btc.png 1357w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/btc-300x165.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/btc-1024x564.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/btc-768x423.png 768w\" sizes=\"auto, (max-width: 1357px) 100vw, 1357px\" \/><br \/>\nAccording to TradingView data, Bitcoin has fallen by 1.7 percent in the last 24 hours. The positive Fed data may be a factor in Bitcoin regaining the $57-58 thousand region.<\/p>\n<p><em>You may be interested in: <a href=\"https:\/\/coinengineer.net\/blog\/sec-chairman-gary-genslers-speech-notes-leaked\/\">SEC Chairman Gary Gensler\u2019s Speech Notes Leaked!<\/a><\/em><\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets are following the core CPI, monthly and annual CPI rates to be announced by the Fed. We can say that the cryptocurrency market is also calm before the data. However, after the speech where Kamala Harris and Donald Trump came face to face last night, Bitcoin fell to $ 56,000. With this decline, the<\/p>\n","protected":false},"author":6,"featured_media":22709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[640,8013,1307,7578],"class_list":["post-28977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-fed","tag-fed-announcement","tag-fed-bitcoin","tag-fed-rate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Markets Await Fed Statements - September 11, 2024 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets Await Fed Statements - September 11, 2024 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Markets are following the core CPI, monthly and annual CPI rates to be announced by the Fed. We can say that the cryptocurrency market is also calm before the data. However, after the speech where Kamala Harris and Donald Trump came face to face last night, Bitcoin fell to $ 56,000. With this decline, the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-11T14:45:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-11T14:46:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/aaffbbef-d496-4807-94e2-24807c3c24ca-AP_Federal_Reserve-scaled.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/\",\"name\":\"Markets Await Fed Statements - September 11, 2024 - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/aaffbbef-d496-4807-94e2-24807c3c24ca-AP_Federal_Reserve-scaled.webp\",\"datePublished\":\"2024-09-11T14:45:54+00:00\",\"dateModified\":\"2024-09-11T14:46:14+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/aaffbbef-d496-4807-94e2-24807c3c24ca-AP_Federal_Reserve-scaled.webp\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/aaffbbef-d496-4807-94e2-24807c3c24ca-AP_Federal_Reserve-scaled.webp\",\"width\":2560,\"height\":1440,\"caption\":\"Fed Jerome Powell Interest Inflation\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/markets-await-fed-statements-september-11-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets Await Fed Statements &#8211; 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