🇺🇸 ALERT: BlackRock says it's closely watching today's May CPI report for signs that the U.S. Iran conflict's energy shock is feeding into inflation.
Economists expect CPI to rise 4.2% YoY, which would mark the fastest pace of inflation since April 2023 and remain well above the Fed's 2% target.
Today's CPI report may be one of the most important macro catalysts for Bitcoin this month. 👀