$BTC 🕯The Market Reflects on Yesterday's CPI

Yesterday, investors' attention was focused on the CPI in the USA. The data turned out to be below expectations, but this did not provoke strong growth in the crypto market. Now the focus shifts to the PPI data, which will be released on May 15.

🟢The PPI shows how prices for goods and services change at the producer level. This is one of the key indicators of inflation.

👍Analysts at QCP Capital note that the Fed's hawkish stance continues to shape market participants' expectations. The scenario of interest rate cuts in the first half of 2025 is a positive signal for risky assets.