#CryptoCPIWatch
Seesaw CPI, with Markets Holding Their Breath—Is the Fed Going to Give Ground?

In essence, there is the cooling off of inflation, but would the Fed cool its jets?

February is expected to find the US CPI at 2.9% YoY, barely below 3.0% of January. Core CPI? Also, on the way down now forecasted to 3.2% from 3.3%. Nothing dramatic, but enough for traders to squint.

So what are we really talking about here?

When rate cuts remain up for discussion, confusion of 0.1% means a lot. If inflation cools faster, risk assets-especially the crypto-will break out, while the dollar pressure is eased. If not, then its sideways chop continues.

Volatility coming.

Headlines coming.

Crypto moves before Powell even says anything.

The price rise might be cooling off on inflation, yet, the next coming breakout for crypto must be getting warmed up. Stay sharp!