Jiang Zhuoer, founder of mining pool B.TOP, said on Sept. 10 that the probability of a Federal Reserve rate hike had risen to 70% after the release of the latest U.S. Producer Price Index, or PPI, data. He added that he does not expect the Consumer Price Index, or CPI, data due the next day to be positive for the market. Jiang also said he has prepared to take short positions. The remarks were reported by BlockBeats. No other market details, position size, or specific trading targets were disclosed in the source report.
According to BlockBeats, Jiang Zhuoer, founder of mining pool B.TOP, said on Sept. 10 that the probability of a Federal Reserve rate hike had climbed to 70% after the release of the latest U.S. Producer Price Index, or PPI, data.
Jiang said he does not expect the Consumer Price Index, or CPI, data due the next day to be positive, and added that he has prepared to short the market.
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