Heads up! The Consumer Price Index (CPI) data is dropping on Thursday May 16th.

What does this mean for crypto?

CPI forms the highlight when it comes to the inflation debate and risk-asset hopes for interest rate cuts.
Prior to that, however, May 14 will see the Producer Price Index (PPI) print for April, along with a public speaking appearance from Fed Chair Powell.

Powell will discuss the economy during a moderated discussion with Klaas Knot, president of the Netherlands’ central bank, De Nederlandse Bank, at the annual general meeting of the Foreign Bankers’ Association in Amsterdam.

Markets have shown themselves to be highly sensitive to Powell’s tone when it comes to hints as to future policy moves.
The latest data from CME Group’s FedWatch Tool underscores sentiment — traders see barely any chance of a rate cut at the Fed’s next meeting in June, with the likelihood only increasing substantially in September.

Keep an eye on market reactions. CPI can influence inflation expectations and impact the broader financial markets.

Stay informed, stay ahead! Happy trading, everyone! 🚀💰

#CryptoNews #CPI #MarketUpdate #Inflation #Fed