🚨 Urgent: CPI data for January is positive 🤔

The annual inflation rate dropped to 2.4%, less than the expectations of 2.5%, while the monthly Core CPI was 0.3%, matching expectations, and the monthly CPI was 0.2%, less than the expected 0.3%.

Additionally, core inflation is at its lowest level since March 2021.

These numbers are considered supportive of crypto, as a decline in inflation means that the Federal Reserve may start seriously considering lowering interest rates soon.

Now all eyes are on the opening of the American markets to see the reaction of traders.

The chances of a rate cut are back in the spotlight. 🚀📊

$DCR $KITE