#CPIWatch ๐ LATEST UPDATE: US CPI DATA EXCEEDS EXPECTATIONS AT 2.7% ๐บ๐ธ๐ฅ The latest Consumer Price Index (CPI) data has surprised the market, reaching a year-on-year rate of 2.7%, which has generated significant concerns in risk assets. โ ๏ธ Implications: โข High Inflation: Reduces the chances of the Federal Reserve making rate cuts in the short term. โข Market Reaction: Risk assets like cryptocurrencies and stocks could experience declines. โข Expected Volatility: Anticipates sharp movements when the session opens in New York. ๐ The persistence of inflation is not well received by the markets, especially when rate cuts had been anticipated. ๐ Recommendation: Stay alert to key levels in $BTC, $ETH, and your preferred altcoins. This could be a decisive moment or a great