news 
U.S CPI Report Today Live Updates
The highly anticipated U.S CPI report is set to be released today at 8:30 AM ET (6:00 PM IST), with market experts and investors closely monitoring the development. As we await the release of this crucial data, let’s dive into the expectations surrounding it.
According to forecasts, the US CPI is expected to come in at a rate of 2.5%, a significant drop from the previous reading of 2.8%. This potential decline could have far-reaching implications for Bitcoin and the broader cryptocurrency market, potentially signaling a major shift in Fed policy.
For context, a reading below 2.8% would be considered bullish, while a figure at or above that mark would be bearish. A neutral reading of 2.8% would essentially maintain the status quo. The data’s release could have a profound impact on investor sentiment and market direction.
As the market waits with bated breath for the report’s publication, traders are bracing themselves for a potential move based on the outcome. With inflation concerns still looming large, today’s CPI release holds immense significance in determining the trajectory of cryptocurrency prices.
This article will be updated continuously to reflect any changes or developments surrounding the U.S CPI report. Stay tuned for live updates and expert analysis as we navigate this pivotal moment in the market.
Source: https://coinpedia.org/news/u-s-cpi-report-today-live-updates-2/
