CPI: 3.0% | Forecast: 2.8% | Previous: 2.9%

Core CPI: 3.3% | Forecast: 3.1% | Previous: 3.2%

US January CPI data to be released today!

🔹 FED left rates unchanged in January and is in no rush to cut as inflation remains above its 2% target.

🔹 Lower-than-expected CPI could support rate cut expectations, weakening the USD and boosting BTC.

🔹 However, BlackRock & RBC analysts do not expect CPI to be strong enough to prompt the FED to cut rates anytime soon.

🔹 Powell says the economy is still strong, the FED does not need to act now.

👉 BTC could benefit, but it is unlikely to create a big rally! 🚀#Crypto#Bitcoin #FED