If you thought last week’s massive jobs report shook the market, get ready. Tomorrow's US Consumer Price Index (CPI) release is the next major catalyst for Bitcoin and the broader crypto market.
Here is what you need to know before the data drops:
The Backdrop: The economy is showing massive resilience, meaning the Federal Reserve has zero pressure to cut rates unless inflation cools down fast.
The Risk Factor: Elevated energy prices are threatening to keep the headline numbers hot. Consensus is looking for a 4.2% YoY Headline and 2.9% YoY Core print.
Are you bullish or bearish for tomorrow's print? Drop your targets! 🎯
#CPI #Bitcoin #FederalReserve #Crypto #Finance
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