#CryptoCPIWatch

Perhaps the most important economic report for Bitcoin and cryptocurrency traders in the USA is the April CPI (Consumer Price Index). It will be released on Tuesday.

After China's CPI inflation was 0.1% m/m (month over month) in April compared to a decrease of 0.4% in March, all eyes this week are on the CPI in the USA, along with the capital injection in the country.

The April CPI comes after the FOMC meeting and remarks by Fed Chair Jerome Powell last week. As widely expected, to maintain interest rates, the Fed's move turned attention to the accompanying bank statement and the press conference by Fed Chair Powell.

Meanwhile, according to Powell, uncertainty about economic prospects has increased, making Tuesday's CPI inflation data a key event.

It is worth noting that the Fed is concerned about US trade policy, and Powell suggests that the Fed may be ready to remain on hold for a longer time. A user on X noted:

"CPI is one of the main reports for the Fed, and this release may show whether tariffs are raising inflation."

However, in the face of trade chaos, some argue that the CPI in the USA may remain above 3% for most of the rest of this year.