#CryptoCPIWatch

• If inflation rises, it is positive for the dollar (up) and negative for gold, stocks, and oil (down).

• If inflation readings decrease or remain unchanged, it is negative for the dollar (down) and positive for gold, stocks, and oil (up).

The banks expect the Consumer Price Index (CPI) report for April to show that inflation was slightly stronger than in March (which was very low).

They expect the core inflation index to rise by 0.26% during the month, while the annual rate remains at 2.8%.

As for the overall inflation index, it is expected to rise by 0.25% during the month, and the annual rate is expected to decrease to 2.3% — the lowest level in four years.