Will Inflation Data Impact Crypto Strategies?

Recent US inflation data has disappointed analysts, sparking a reevaluation of the Federal Reserve’s potential for rate cuts. The Bureau of Labor Statistics reports a significant drop in consumer prices for March, marking the first major decline since 2020 and 2021, but concerns about mounting global economic pressures remain. This surprising deflation could influence market expectations as investors now anticipate an increased chance of a Fed rate cut at its May meeting. This potential shift is expected to impact both traditional markets and the cryptocurrency sector.