Inflation expectations just spiked to 3.9% (from 3.6% last month) — highest since May 2023.

Breakdown:
• Food, gas, rent, medical, college costs all climbing
• Household spending growth expectations jumped to 5.5%

This matters for crypto:
If the Fed sees this data, they're keeping rates higher for longer — or worse, hiking again. Higher rates = liquidity drain = risk-off for $BTC $ETH and the broader market.

Watch CPI prints closely. If inflation stays sticky, don't expect a pivot anytime soon. Macro is still king.