U.S. CPI: +2.7% YoY (Est. +2.7%)
U.S. Core CPI: +2.6% YoY (Est. +2.7%).
CPI came in as expected, but Core CPI was lower than forecast — a sign that inflation is cooling. This increases expectations that the Fed may turn less hawkish and potentially cut rates sooner, which is generally bullish for crypto as capital tends to rotate back into risk assets. However, the upside may be limited if other data (jobs, wages) remains strong or the Fed hasn’t clearly shifted its tone yet.
