#CryptoCPIWatch

US CPI Report Today: Will Inflation Cool Enough for Rate Cuts? 📉 or 🔥?

All eyes are on today's US CPI report (releasing soon at 12:30 GMT!) for clues on inflation's next move. Expectations point to a slight cooling: headline CPI at 2.9% YoY (down from 3.0%) and core CPI at 3.2% (down from 3.3%).

A lower-than-expected print could fuel hopes for earlier Fed rate cuts, potentially weakening the USD and boosting risk assets like crypto and stocks. Conversely, a higher reading might force the Fed to maintain its hawkish stance, strengthening the dollar and potentially dragging down riskier assets.

Crypto markets are currently treading water. Bitcoin sits around $82,185 and Ethereum near