#CPI&JoblessClaimsWatch s

#CPI&JoblessClaimsWatch

♦️ Attention to the economic news from the United States: It turns out that in March, the prices of the things people buy in their daily lives (like food, clothing, gasoline, etc.) decreased more than experts expected. This is measured with an indicator called CPI, and it dropped to 2.4%.

This news is important because the Federal Reserve (also known as the Fed, which is like the central bank of the U.S.) is very attentive to how prices rise or fall. If prices rise significantly (high inflation), the Fed may decide to raise interest rates to try to discourage people from spending too much, thus controlling prices.

But now that prices have fallen more than expected, people are starting to think that maybe the Fed doesn't need to keep interest rates so high, and they could even lower them in the future.

And why could this be relevant to the world of cryptocurrencies? Well, when interest rates are low, people sometimes look for other ways to invest their money that might yield higher returns than leaving it in the bank. Some believe that this could lead to more people becoming interested in investing in cryptocurrencies like Bitcoin or Ethereum.

However, there are also those who think that this news does not necessarily mean that cryptocurrencies will rise, as there are many other factors that influence their price. That’s why the question many are asking is whether this drop in the CPI is good or bad news for cryptocurrencies. The debate is on! 😉