#CPIWatch All Eyes on Inflation Data as Fed’s Next Move Looms

Markets are holding their breath ahead of the upcoming U.S. Consumer Price Index (CPI) release — a key indicator that could determine whether the Federal Reserve sticks to its cautious rate-cut path or takes a more aggressive stance.

Analysts expect the CPI data to show a slight cooling in inflation, reinforcing market bets of a 25 bps rate cut at the upcoming Fed meeting. According to CME’s FedWatch Tool, there’s now a 98% probability of a rate cut in October — a move that could inject fresh liquidity into risk assets like Bitcoin and Ethereum.