#CryptoRoundTableRemarks #CryptoCPIWatch
• If inflation rises, it is positive for the dollar (up) and negative for gold, stocks, and oil (down).
• If inflation readings decrease or do not change, it is negative for the dollar (down) and positive for gold, stocks, and oil (up).
Banks expect the Consumer Price Index (CPI) report for April to show that inflation was slightly stronger than in March
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(which was very low).
They expect the core inflation index to rise by 0.26% during the month, with the annual rate remaining at 2.8%.
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As for the general inflation index, it is expected to rise by 0.25% during the month, and the annual rate will decrease to 2.3% — the lowest level in four years.