Busy week for crypto too: Both US inflation and Warsh!

While Bitcoin fell to 81 thousand dollars during the global declines last week, it managed to stay above this level over the weekend. Even despite the declines in ounce gold and US stocks, the largest cryptocurrency exceeded 84 thousand dollars yesterday. It is also noteworthy that this price was seen despite the net outflow of $681 million in Bitcoin spot ETFs in the USA last week.

US inflation will come first

US headline inflation, which has recently remained at 3.4%, is expected to be announced as 3.7% on an annual basis on Wednesday. Core inflation, which dropped to 2.4%, is expected to remain at 2.5%. Here, an unexpected upward or downward situation can have a much more impact on prices. US inflation data will be announced on Wednesday at 15.30 GMT.

Warsh will speak on Friday

Another important development of the week will be Kevin Warsh's speech in Bangkok, the capital of Thailand. Warsh, who will go to Thailand as part of the "IMF and World Bank Annual Meetings", will participate in an approximately 30-minute interview with IMF President Kristalina Georgieva. The general topic of the event will be "the forces reshaping the global economy".

It will also be important here what Warsh will say or give any clues about the Fed meetings in October and December. Markets do not currently expect an interest rate increase by the Fed at its meeting on October 28. The expectation rate for a 25 basis point interest rate increase is only around 20% these days.

Energy step from Trump…

On the other hand, Trump made a flash statement yesterday regarding the Ukraine war, which is one of the most important reasons why inflation and energy costs remain high in the USA.

Stating that Russia and Ukraine agreed on an "energy ceasefire", Trump stated that the two countries would not attack each other's energy facilities.

However, this statement did not cause a decrease in the Brent oil price. The price of brent oil per barrel is still trading above $100, at around $103.