[QCP Analyzes Macroeconomic Data, Bitcoin and Ethereum Maintain Range-Bound Fluctuations]
QCP disclosed that the preliminary value of the U.S. August University of Michigan Consumer Sentiment Index dropped to 51.0, July retail sales fell by 0.6% month-on-month, and federal funds futures indicate about a 30% probability of a 25 basis point rate hike in September. WTI crude oil is priced at $82.40, while Brent crude oil is at $88.70. Bitcoin spot is trading above $63,000, down approximately 3% over the past week; Ethereum is fluctuating around $1,900. The market is focused on the Federal Reserve's July meeting minutes on August 19, the U.S. July Personal Consumption Expenditures Price Index and Q2 GDP revision on August 26, as well as the Jackson Hole Economic Policy Symposium from August 27 to 29.
