🚨 Today, the U.S. Bureau of Labor Statistics will release the inflation data for April. Below are the forecasts and previous values for key inflation indicators:

Inflation Rate MoM

Forecast: 0.3%

Previous: -0.1%

Core Inflation Rate MoM

Forecast: 0.3%

Previous: 0.1%

Inflation Rate YoY

Forecast: 2.4%

Previous: 2.4%

Core Inflation Rate YoY

Forecast: 2.8%

Previous: 2.8%

As can be seen from these indicators, the market has already priced in a rise in monthly inflation.

🐂 If the MoM figures are lower than the forecasts, this could lead to further growth in the stock and cryptocurrency markets.

🐻 If the MoM figures are higher than the forecasts, this could trigger a correction.

🤩 If the MoM figures remain at the forecast levels, the market will continue its current movement.