Big nesws . US CPI Data 2.7% What It Means for Crypto! 🚨
Aslam mu alakum, hello everyone, how are you? Hope you all will be happy and fine. Today I tell you about new US CPI data. The Consumer Price Index (CPI) came at 2.7%. Experts expected 2.8%, but it is a little less than expected. This news is good for crypto market.
Why good? Because lower CPI means inflation is not growing fast. When inflation is low, the US Federal Reserve may not increase interest rates more. This is good for crypto prices because high interest rates usually make people sell crypto.
So this news can help crypto prices stay stable or go up. Crypto traders feel happy when inflation is under control. But if CPI was higher than expected, it could make crypto price go down.
So, this news is positive sign for crypto market now. Traders should watch carefully next news to decide when to buy or sell.
Thank you so much for reading. Allah Hafiz.