📊 Macro Watch – U.S. CPI Release Today
The July U.S. Consumer Price Index (CPI) data is due today, and markets are on edge.
🔍 Forecasts:
• Headline CPI YoY: 2.8% (Prev: 2.7%)
• Core CPI YoY: 3.0% (Prev: 2.9%)
• Core CPI MoM: 0.3% (Prev: 0.2%)
📈 Market Implications
• If CPI meets or comes in hotter than expected, Fed rate cut hopes fade, USD strengthens, and crypto may dip short-term.
• A cooler print would likely spark rallies in risk assets like BTC and altcoins.
⚠ Trading Outlook
• BTC/Alts: Possible pullback before stabilization unless CPI surprises to the downside.
• Watch for volatility right after release — first moves can be fakeouts before the real trend emerges.
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