🚨 Economic Alert Explained in Simple Terms 🚨

🇺🇸 The USA Consumer Price Index (CPI) data for February 2024 is coming up!
📅 Date: 12th March
🕕 Time: 6:00 pm IST
Expected CPI: 3.1%
Hold on tight! ✊ The #Crypto market might get shaky.
What is CPI? 🤔
CPI measures the average change in prices paid by consumers for goods and services. It helps us understand inflation—the increase in prices and the decrease in purchasing power.
Why does it happen? 📈
Inflation can occur due to various factors like increased demand, production costs, supply chain disruptions, etc. Central banks aim to control inflation to ensure stable economic growth.

Why could the market crash? 💥
If CPI data exceeds expectations, it could indicate higher inflation. This might lead to concerns about rising prices and potential interest rate hikes to combat inflation. Such uncertainties can trigger market sell-offs and volatility.
Stay tuned for updates on #CPI , #Inflation , and how it might impact #BTC #HotTrends . Let's navigate these economic waters together! 📊💡$BTC #MarkBTC