During last night's remarks, the focus centered on tackling inflation as a key priority. This morning's government data gave some ammunition to support those claims—but the real story might be more complicated than it looks.

The numbers showed movement in the right direction on price pressures, though skeptics point out there are some significant asterisks attached. When inflation narratives hit markets, crypto traders should stay alert. Historical patterns suggest that inflation expectations and policy responses often precede major portfolio rotations. Whether these latest figures truly signal sustained progress or just represent seasonal adjustments remains an open question for investors positioning across different asset classes.