Jiang Zhuoer, founder of mining pool B.TOP, said in a post that the probability of a U.S. Federal Reserve rate hike rose 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 a short position. The update was cited by ChainCatcher. No additional details were provided in the brief, including the platform, asset, or timing of the planned short trade beyond Jiang’s statement. The item was published as a short news flash under the policy and regulation category.
According to ChainCatcher, Jiang Zhuoer, founder of mining pool B.TOP, said in a post that the probability of a U.S. Federal Reserve rate hike rose to 70% after the latest U.S. Producer Price Index (PPI) data was released.
He said he expects the Consumer Price Index (CPI) data due the next day will not be positive for the market and added that he has prepared to go short.
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