#CryptoCPIWatch Additionally, the senior analyst at FXStreet, Yohay Elam, reports: “After Tuesday's warm-up, the main event awaits us on Wednesday: the first reading of consumer inflation in the United States.” Elam continued: “The most important figure to keep in mind is the core monthly CPI, which increased by 0.3% in the last four months. The annualized rate of 0.3% monthly is approximately 3.6%, which is too high. A core inflation rate of 2% is desired, and getting closer to that level would allow the Fed to cut interest rates.”