#CryptoCPIWatch Important - Inflation Base .. 🇺🇸

• If inflation rises, it is positive for the dollar (up) and negative for gold, stocks, and oil (down).

• If inflation readings fall or remain unchanged, it is negative for the dollar (down) and positive for gold, stocks, and oil (up).

Banks expect that the Consumer Price Index (CPI) report for April will show that inflation was slightly stronger than in March (which was very low).

They expect core inflation to rise by 0.26% during the month, with the annual rate remaining at 2.8%.

As for the general inflation index, it is expected to rise by 0.25% during the month, while the annual rate drops to 2.3% — the lowest level in four years.