#CryptoCPIWatch

📰 Watch out for April's CPI! Will it bring signs of inflation? 📰

Hello, Binancians! 👋

The focus today is on the Consumer Price Index (CPI) report for April, which will be released at 8:30 a.m. ET. This comes right after the markets had a bullish push following the news of a 90-day tariff pause between the U.S. and China. 🇺🇸🇨🇳📈

Economists are expecting this report to show the first signs of inflationary pressure 👀, especially in sectors like automobiles and imports, due to the tariffs implemented by President Trump.

This report is crucial, as inflation data can influence future Federal Reserve decisions on interest rates, which in turn impacts the cryptocurrency market.

💬 Do you agree with economists' forecasts on inflation?

What is your prediction for the April CPI data?

Share your expectations in the comments! 👇