#CryptoCPIWatch
Today's CPI Forecast
At 15:30 the US inflation report (CPI) is released. The inflation rate is expected to be 2.4%, the same as in March.
โ๏ธ Here are the possible scenarios:
๐ด 1. CPI above 2.4%๐ช
This will be negative for markets in the short term, especially given that the data came in below expectations last time. Higher than expected inflation could delay interest rate cuts, which is bad for risk assets.
๐ 2. CPI at 2.4%๐ช
In this case, the market is likely to rise as the overall bullish sentiment remains.
๐ข 3. CPI below 2.4%
This is the best-case scenario that could drive Bitcoin and Altcoins higher. Lower than expected inflation will increase the likelihood of a rate cut this year.
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