🇺🇸 U.S. CPI Data Coming Today at 6 PM IST.
➡️ CPI YoY Expected: 4.2%
➡️ Previous: 3.8%
➡️CPI measures inflation in the U.S. economy and is one of the most important indicators for Fed rate decisions.
💰 Impact on Bitcoin 👇
If CPI comes below expectations → Bullish for Bitcoin & risk assets🔼
If CPI comes above expectations → Bearish for Bitcoin as rate cut hopes may weaken🔽
➡️ CPI YoY Expected: 4.2%
➡️ Previous: 3.8%
➡️CPI measures inflation in the U.S. economy and is one of the most important indicators for Fed rate decisions.
💰 Impact on Bitcoin 👇
If CPI comes below expectations → Bullish for Bitcoin & risk assets🔼
If CPI comes above expectations → Bearish for Bitcoin as rate cut hopes may weaken🔽