US CPI Data Could Trigger Imminent Federal Rate Cut Decision
The financial markets are bracing for the release of US CPI data on October 24, a pivotal event that could prompt the Federal Reserve to reconsider its monetary policy stance. A softer inflation reading may accelerate talks of rate cuts, injecting volatility into both traditional and digital asset markets.
Cryptocurrencies, often sensitive to macroeconomic shifts, could see heightened trading activity as investors recalibrate risk exposure. Bitcoin and Ethereum, the bellwethers of the sector, typically lead price movements in such scenarios.