The post US CPI Inflation & PPI Data In Focus; Will It Impact BTC & Altcoins Rally? appeared on BitcoinEthereumNews.com.

The financial market has gone through a topsy-turvy scenario lately, with soaring macroeconomic concerns weighing on the investors’ sentiment. Notably, recent economic indicators like the US Job data and Fed officials’ hawkish remarks have fueled concerns among traders. Having said that, investors now eagerly await the US CPI inflation and PPI data, which is scheduled to be released later this week. Besides, it also fueled speculations about how these indicators might impact the BTC and altcoins’ performance ahead. Crypto Market Awaits US CPI Inflation Data The crypto market eagerly awaits the US CPI inflation data now, scheduled for Wednesday, January 15, for cues on the current economic health. Notably, recent indicators like the robust US Job data have fueled investors’ concern recently. According to the latest Labor Department data, the US has added 256,000 jobs in December, exceeding the market forecast of 160,000. Besides, the unemployment rate also plunged to 4.1% from 4.2% in the prior month. This robust US Job market data further cemented bets over a potential hawkish move by the Federal Reserve ahead. Notably, it appears that the central might stick to its tightened monetary policy and the market may have to wait till June for the first Fed rate cut this year. What To Expect From US CPI? The US CPI inflation is one of the key focuses of the financial market this week, let alone the crypto space. According to market estimates, the Consumer Price Index is expected to remain unchanged at 0.3%, while the YoY CPI is likely to come in at 2.9%, up from the previous month’s figure of 2.7%. On the other hand, the Core CPI, which excludes food and energy prices, is expected to cool at 0.2% from the 0.3% figure noted last month. Simultaneously, the Core CPI on a year-over-year…

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Filed under: News - @ January 12, 2025 5:23 am