📊 **CPI Watch Update:** The latest **United States** United States inflation data shows the Consumer Price Index rising modestly month over month, keeping annual inflation near the **Federal Reserve’s** Federal Reserve 2% target but not fully there yet. Core inflation, which excludes food and energy, remains slightly sticky, signaling that price pressures haven’t completely cooled. Markets are now reassessing the timing of potential rate cuts from the Federal Reserve.
💥 **Impact on Crypto:** Bitcoin and the broader crypto market reacted with volatility following the release. Softer inflation typically supports risk assets because it strengthens the case for lower interest rates and improved liquidity. However, any upside surprise in CPI can pressure crypto prices as higher-for-longer rates reduce investor appetite for speculative assets.
📈 **My Take:** CPI remains a key macro driver. Cooling inflation could fuel a crypto rebound 🚀, while stubborn data may keep markets cautious 📉. Traders will closely watch upcoming data releases for confirmation of inflation trends.
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