The post Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow appeared on BitcoinEthereumNews.com. The U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) data on Friday, despite the U.S. government shutdown. Investors are bracing for the U.S. Federal Reserve’s preferred inflation gauge, seeking further cues on whether crypto market could crash again. How US CPI Estimates by JPMorgan and Other Wall Street Giants The crypto market now awaits the key Consumer Price Index data later today for further cues on direction as uncertainty and volatility rise amid the U.S. government shutdown. While Fed officials, including Chair Jerome Powell, hinted at a further rate cut this month, the US CPI data print will greatly influence the FOMC’s decision. Economists expect the monthly CPI to come in at 0.4%, the same as August’s 0.4% print. This would make the annual CPI inflation rise to 3.1%, higher than the 2.9% print last month. Meanwhile, the core CPI is projected to rise 0.3% month-on-month, the same as in the previous month. The market is projecting the annual core CPI to remain steady at 3.1%. The Wall Street Journal’s Nick Timiraos said the median of 18 Wall Street giants’ expectations showed the core consumer price index rising 0.30%. Besides, the median estimate for headline CPI is 0.39%, corresponding to 3.1% YoY. Notably, Barclays, BNP Paribas, Citigroup, Deutsche Bank, Morgan Stanley, and Nomura estimated core CPI above 0.40%. JPMorgan estimated monthly headline and core rising 0.30% and 0.39%, respectively. Bank of America, Barclays, BNP Paribas, Citigroup, Deutsche Bank, Employ America, First Trust, Goldman Sachs, JPMorgan, Moody’s, Morgan Stanley, Nomura, TD Securities, UBS, and Wells Fargo expect the annual CPI to come in at 3.1%. Is Crypto Market Crash Imminent Ahead of Fed Rate Decision? The CPI print below the forecast will help fuel the Fed rate cut expectations. As a result, BTC price could reclaim above… The post Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow appeared on BitcoinEthereumNews.com. The U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) data on Friday, despite the U.S. government shutdown. Investors are bracing for the U.S. Federal Reserve’s preferred inflation gauge, seeking further cues on whether crypto market could crash again. How US CPI Estimates by JPMorgan and Other Wall Street Giants The crypto market now awaits the key Consumer Price Index data later today for further cues on direction as uncertainty and volatility rise amid the U.S. government shutdown. While Fed officials, including Chair Jerome Powell, hinted at a further rate cut this month, the US CPI data print will greatly influence the FOMC’s decision. Economists expect the monthly CPI to come in at 0.4%, the same as August’s 0.4% print. This would make the annual CPI inflation rise to 3.1%, higher than the 2.9% print last month. Meanwhile, the core CPI is projected to rise 0.3% month-on-month, the same as in the previous month. The market is projecting the annual core CPI to remain steady at 3.1%. The Wall Street Journal’s Nick Timiraos said the median of 18 Wall Street giants’ expectations showed the core consumer price index rising 0.30%. Besides, the median estimate for headline CPI is 0.39%, corresponding to 3.1% YoY. Notably, Barclays, BNP Paribas, Citigroup, Deutsche Bank, Morgan Stanley, and Nomura estimated core CPI above 0.40%. JPMorgan estimated monthly headline and core rising 0.30% and 0.39%, respectively. Bank of America, Barclays, BNP Paribas, Citigroup, Deutsche Bank, Employ America, First Trust, Goldman Sachs, JPMorgan, Moody’s, Morgan Stanley, Nomura, TD Securities, UBS, and Wells Fargo expect the annual CPI to come in at 3.1%. Is Crypto Market Crash Imminent Ahead of Fed Rate Decision? The CPI print below the forecast will help fuel the Fed rate cut expectations. As a result, BTC price could reclaim above…