🚨 Breaking: January CPI data is positive 🤔

The annual inflation rate fell to 2.4%, below the expected 2.5%, while the monthly Core CPI came in at 0.3%, matching expectations, and the monthly CPI at 0.2%, below the expected 0.3%.$OM

Core inflation is also at its lowest level since March 2021.

These figures are supportive for$BANK cryptocurrencies, as the decline in inflation suggests the Federal Reserve may be seriously considering an interest rate cut$COMP soon.

Now all eyes are on the opening of the US markets to see how traders react.

The possibility of an interest rate cut is back in the spotlight. 🚀📊