Currently, all eyes in the market are on the upcoming CPI data because this report can impact not only the short-term but also the mid-term trend. The CPI
#CPIDataAhead Consumer Price Index( is the most important indicator of inflation, showing how quickly prices are rising.
If the CPI exceeds expectations, it means inflation is not yet under control — in this case, pressure may mount on the crypto and stock markets, and volatility could increase. Traders usually become cautious in this scenario.
However, if the CPI data comes in below expectations, a relief rally may be seen in the market