April’s CPI report came in right around expectations, showing a 0.2% increase from March and an annual rise of 2.3%, the lowest year-over-year rate since February 2021 . Core CPI (which strips out food and energy) also rose 0.2% on the month and sits at 2.8% annually, suggesting underlying price pressures remain tame.

Looking ahead, economists are forecasting a slightly larger bump in May: a 0.3% monthly gain and 2.4% year-over-year headline CPI, with core expected to hold at 2.8% . If these forecasts materialize, it would reinforce the idea that inflation is cooling but not yet fully tamed.

For markets, softer-than-feared inflation usually means the Fed can stay on the sidelines, which tends to boost risk assets—crypto included. Traders will be watching the June 11 release closely; a surprise upside could send yields higher and rattled markets, while another mild print may fuel another leg up for Bitcoin and altcoins. #CryptoCPIWatch