#CPI&JoblessClaimsWatch The CPI data (Consumer Price Index) and Jobless Claims published this week are attracting all the attention of investors. A rising CPI could strengthen expectations of interest rate hikes by the Fed, which would put pressure on risk assets like cryptocurrencies. On the other hand, a decline in Jobless Claims could indicate an still strong labor market, further complicating the Fed's mission to control inflation.
Crypto traders are closely monitoring these indicators, as they directly influence market sentiment. Prepare your strategies, as volatility could be on the horizon!