#CryptoCPIWatch
Key Points:
The inflation rate in the Consumer Price Index is expected to reach 2.9% year-on-year in February, down from 3.0% in January.
The core Consumer Price Index is expected to reach 3.2%, slightly down from 3.3% previously.
Expectations for interest rate cuts from the U.S. Federal Reserve may change based on Consumer Price Index data.
Cryptocurrency and stock markets, as well as fluctuations in the U.S. dollar, depend on inflation trends.
U.S. inflation data is expected to show a slowdown, but risks remain.
The U.S. Bureau of Labor Statistics (BLS) is scheduled to release its February Consumer Price Index report on Wednesday at 12:30 PM GMT, which provides insight into inflation trends. Market analysts expect a slight decrease in inflation, which could impact Federal Reserve policy, the U.S. dollar, and high-risk assets such as cryptocurrencies.
The core Consumer Price Index inflation rate is expected to be 2.9% year-on-year, down from 3.0% in January, marking the first dual decrease in core and overall inflation since July 2024. The core Consumer Price Index inflation rate, which excludes food and energy, is expected to decline to 3.2% from 3.3%.
