The CPI (Consumer Price Index) release is expected in a few minutes, with a forecast of a modest increase, indicating ongoing inflationary pressures.

Given the current economic conditions and recent Federal Reserve policy actions, there may be some relief compared to previous months if energy prices have stabilized.

This could lead to market optimism, particularly in inflation-sensitive sectors like technology and consumer goods.

Traders should be prepared for potential volatility, as unexpected data could quickly shift market sentiment and affect key levels.

Stay alert for any surprises in the CPI figures that could impact market movements.

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