⚡US CPI Report: Inflation Cooling or Persistent Pressure?⚡
The US April CPI report, due Wednesday, is expected to show headline inflation rising to 3.3% YoY (from 3.2%), with Core CPI steady at 3.5%, signaling persistent price pressures. Monthly increases of +0.4% headline and +0.3% core are forecasted.
Sticky inflation, especially in services and housing, could delay Federal Reserve rate cuts, with markets pushing expectations to late 2025. A higher-than-expected CPI may strengthen the US dollar and weigh on stocks and crypto, while a softer print could revive risk appetite.
Geopolitical risks, including renewed US-China tariffs, add further inflation uncertainty.
Bitcoin (BTC) trades at $61,420, Ethereum (ETH) at $3,240, as crypto markets remain cautious. CoinShares reports $452M in outflows, marking persistent bearish sentiment.
Investors should brace for volatility, as CPI data will heavily influence Fed policy, markets, and crypto trends.
