The CPI Report will be released at 6 pm today.

šŸ”“Consumer Price Index(CPI):-

This refers to the change in the price paid by consumers for goods and services. This mainly considers the sectors of food, energy, housing, clothing, transportation, health, education, and entertainment.

This report is released monthly and quarterly. This is known as a good measure to get an idea of ā€‹ā€‹ā€‹ā€‹inflation.

So, if the CPI value increases, it means that inflation is increasing. Then the Federal Reserve (FED) of the United States raises bank interest rates. That is good for the dollar, but not good for BTC.

If the CPI value decreases, it means that inflation is decreasing, and then the FED lowers bank interest rates. That is not good for the dollar, but good for BTC.

So the current expectation is 2.5%. We expect a higher value than the previous value (2.3%).

If that happens, it will indicate that the inflation has increased.

Then the chances of not doing a rate cut will decrease. If that happens, there will be a negative impact on the Crypto Market. #cpi #BTC #NegativeNews #BinanceAlphaAlert #BlackRockā©