#CryptoCPIWatch
The highly anticipated Consumer Price Index (CPI) report for April is finally out, delivering fresh insights into inflation trends and their implications for Fed policy, markets, and investor sentiment.
CPI Breakdown
Headline CPI YoY: 2.3% (previous: 2.8%, forecast: 2.4%)
Headline CPI MoM: 0.2% (previous: -0.1%, forecast: 0.3%)
Core CPI MoM: 0.2% (previous: 0.1%, forecast: 0.3%)
Overall, today’s CPI results showed that inflation is lower than anticipated. This is likely considered a win for crypto and other financial markets as now the Fed has a tangible reason to possibly cut interest rates later down the line.
