📢 #GateOpinionQuest# for #39# is online! DYOR on the selected project, share your opinion on Gate Post, and win $300 CYRUS rewards.🎉
💬 Task for 39: Research $CYRUS and post your opinions & insights on Gate Post.
👉 How to Participate:
1.Research $CYRUS and share your opinion on Gate Post.
2.Promote $CYRUS Startup Mining:
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3.Include $CYRUS trading link in the post: https://www.gate.io/trade/CYRUS_USDT and note $CYRUS listing date: 10:00 AM, October 22, 2024 UTC.
4.Include the hashtags: #GateOpinionQuest# , #CYRUS# , #Gateio# and make sure your post has at least 60 words and gets at least 3 likes.
⚠️ Duplicate posts will not be selected. Please share your unique opinion.
⏰ Ends at 10:00 AM on October 18 (UTC)
IG Group analyst Jeremy Naylo said that the Federal Reserve interest rate decision will be a turning point this week, although we expect no change in interest rates. Prior to this, the US Department of Statistics will release May CPI data.
This is likely to indicate that the inflation stickiness we are seeing will continue to exist. It is expected that the US core CPI in May will rise by 3.5% YoY, but the real concern is the service industry. In the past two months, the US service industry CPI has been rising. It rose by 5.3% YoY in April.
Daily FX analyst Richard Snow tells traders that there is a general expectation that the so-called 'super core' inflation, which is the service sector inflation minus housing inflation, will at least keep the year-on-year increase of the past two months at 5.3%, which may mean that the Fed has almost no room to cut interest rates.