CPI Forecast for Today
The US inflation report (CPI) is set to be released at 15:30. The anticipated inflation rate stands at 2.4%, consistent with the figures from March.
✔️ Potential Outcomes:
🔴 1. CPI Exceeds 2.4%
A reading above 2.4% would likely have a negative impact on the markets in the short term, particularly since previous data fell short of expectations. An inflation rate higher than anticipated could postpone interest rate reductions, adversely affecting risk assets.
🟠 2. CPI at 2.4%
If the CPI aligns with expectations at 2.4%, the market is expected to experience an uptick, maintaining the prevailing bullish sentiment.
🟢 3. CPI Below 2.4%
This scenario represents the most favorable outcome, potentially boosting the prices of Bitcoin and altcoins. A lower-than-expected inflation rate would enhance the prospects for interest rate cuts this year.
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