Bitunix analyst: US inflation and employment correction data are intertwined, and the market focuses on the impact of CPI and PPI on the prospect of interest rate cuts

According to BlockBeats, on September 10, the United States will announce its August PPI, with the market expected annual growth rate remaining 3.3%; then the CPI on September 11 expected annual growth rate to rebound to 2.9%. Although it is still above the Fed's 2% target, investors believe that Fed no longer uses "meet 2%" as a prerequisite for interest rate cuts. On the other hand, the Bureau of Labor Statistics significantly revised down the revision of 911,000 non-agricultural employment from March 2024 to March 2025, the largest correction in 2000 years. The market interpretation provides legitimacy for Fed to initiate interest rate cuts. In terms of macro markets, the data falling within the "2.7%-2.9%" range is most favorable to the stock market, which can not only avoid recession doubts, but also trigger stagnant inflation concerns. However, if CPI or PPI rises beyond expectations, it may disrupt the market's bet on a certain rate cut in September, and the US dollar will rebound. In the crypto market, BTC is focusing on the $108,500–109,000 liquidity zone below; the upper resistance is at $113,500–114,000. ETH remained above the $4,250–4,300 support zone, with the upper pressure at $4,480–4,500. Bitunix analysts suggest that inflation and employment correction data are intertwined, and market sentiment is still inclined to "favorable interest rate cuts" in the short term. If the data remains in a moderate range, risky assets have room for rebound; but if inflation data exceeds expectations, the strengthening of the US dollar may suppress BTC and ETH, so special attention should be paid to the key support of BTC 108,800 and ETH 4,250.