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<ul><li>The January CPI report is crucial for assessing the Federal Reserve&#39;s handling of inflation, potentially delaying expected rate cuts to May or June.</li><li>FactSet forecasts a 0.2% rise in the January CPI, reflecting steady inflation rates and influencing investor shifts towards alternative assets like cryptocurrencies.</li><li>A significant decrease in December&#39;s PPI by 0.1% year-over-year, suggesting a milestone in inflation control efforts, impacts future economic expectations.</li></ul>Investors are setting their sights on the forthcoming January CPI report, slated for release at 8:30 a.m. EST on Tuesday, February 12. The report is crucial for evaluating the Federal Reserve&#39;s effectiveness in combating inflation. While there were initial expectations for a rate cut in March, the Fed is now leaning towards postponing this adjustment to May or June. This shift is significant for market sentiment.According to <a href="https://www.factset.com/" rel="noopener noreferrer nofollow">FactSet</a>, the U.S. Consumer Price Index (CPI) for January is expected to see a 0.2% rise. This forecast matches the increase observed in December. The Core CPI, which excludes food and energy prices, is also projected to increase by 0.3% in January, mirroring the previous month&#39;s trend.On a year-over-year basis, the CPI is anticipated to climb by 2.9% in January. This is a slight decrease from the 3.4% rise seen in December. Meanwhile, the Core CPI is expected to mark a 3.7% increase, down from 3.9% in the preceding month.Read full article at <a href="https://cryptotale.org/upcoming-january-cpi-and-core-cpi-set-to-influence-crypto-market-sentiment/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Upcoming January CPI and Core CPI Set to Influence Crypto Market Sentiment

CryptoTale

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