#CryptoCPIWatch The data on the U.S. Consumer Price Index (CPI) represents a crucial barometer for today's crypto market. A CPI higher than expected signals persistent inflation, fueling fears of restrictive monetary policies from the Federal Reserve. This often triggers sell-offs in the crypto market, considered a risk asset.
Conversely, a CPI lower than expected suggests cooling inflation, which could lead to more accommodative monetary policy. Such a scenario tends to stimulate interest in risky assets like cryptocurrencies, potentially triggering price increases.
The volatility of the crypto market significantly increases in the lead-up to the release of CPI data, as traders seek to anticipate market reactions. This heightened sensitivity reflects the growing integration of the crypto market with the global macroeconomy.
According to forecasts, the annual inflation rate (CPI) in the United States is expected to be 2.4%, in line with the March figure. As for the monthly CPI, estimates indicate a negative change of 0.1%.
To get the official figure, I recommend checking financial news sources as soon as it is published at 12:30 GMT (14:30 in Italy).
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