#CPI&JoblessClaimsWatch The data that shakes the markets and opens opportunities in futures
This week, the eyes of the market are focused on two key data points from the U.S. economy: the Consumer Price Index (CPI) and Jobless Claims. Both indicators are generating strong reactions in the financial markets, including that of cryptocurrencies.
A higher-than-expected CPI usually translates into concerns about persistent inflation, which could lead the Federal Reserve to maintain or even tighten its interest rate policy. This typically puts downward pressure on risk assets like BTC and other cryptocurrencies. On the other hand, an increase in jobless claims reflects economic weakness, which can also generate immediate volatility.