#CryptoCPIWatch #TradeLessons US CPI report expectations and potential market impacts:
Today's Forecast
The US inflation report, or CPI, is set to release today at 15:30. Analysts expect the inflation rate to hold steady at 2.4%, matching March's rate. Here's what you need to know:
Possible Scenarios
- Above 2.4%: A higher-than-expected CPI could negatively impact markets, potentially delaying interest rate cuts and affecting risk assets.
- At 2.4%: Meeting expectations, the market might rise due to the prevailing bullish sentiment.
- Below 2.4%: A lower-than-expected CPI could boost Bitcoin and alt coins, increasing the likelihood of a rate cut this year.
Additional Insights
- Core CPI inflation, excluding food and energy, is expected to remain at 2.8% year-over-year.
- The Federal Reserve's policy outlook might be influenced by the CPI data, potentially impacting the US Dollar's performance.
- Analysts recommend keeping an eye on the "super core" inflation rate, which excludes housing and can indicate underlying inflation trends.$BTC $BNB