If this index is lower than predicted, the crypto market will rebound strongly and this will make the community FOMO next week!
Interest rate is an important factor in the investment field. The United States is the leader of the financial industry and is maintaining a tight monetary policy and high interest rates, thereby limiting the room for growth in the investment sector, thereby restraining other assets such as Bitcoin and Crypto.
The FED looks at an important index to evaluate interest rates, which is CPI (Consumer Price Index). In the past 4 months, the CPI y/y has always been higher than forecasts and caused the FED to delay decisions on lowering interest rates.
Therefore, information about CPI next week (May 15) will be extremely important. If actual CPI y/y is lower than last month (3.5%), the market is likely to grow strongly due to the belief that the FED will make "bullish" announcements to the market. This is news that you must follow closely!
