#CPIWatch 📊 LATEST UPDATE: US CPI DATA EXCEEDS EXPECTATIONS AT 2.7% 🇺🇸🔥
The latest Consumer Price Index (CPI) data has surprised the market, reaching a year-on-year rate of 2.7%, which has generated significant concerns in risk assets.
⚠️ Implications:
• High Inflation: Reduces the chances of the Federal Reserve making rate cuts in the short term.
• Market Reaction: Risk assets like cryptocurrencies and stocks could experience declines.
• Expected Volatility: Anticipates sharp movements when the session opens in New York.
📉 The persistence of inflation is not well received by the markets, especially when rate cuts had been anticipated.
🔍 Recommendation: Stay alert to key levels in $BTC, $ETH, and your preferred altcoins. This could be a decisive moment or a great opportunity.
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