The U.S. CPI will be released next week.
The forecast is 2.9%. I think if the actual figure is consistent with the cons(consensus), the crypto market participants will be joyful. Anyways, it's a relief that the cons is less than 3%.
As time goes by, the U.S. labor market data is getting more important than the CPI(Consumer Price Index). For now, even if the CPI is a little different to the forecast, the financial markets won't be likely fluctuating a lot.
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Despite I have not started trading fundamentals yet, I still keep up with the news.
Thanks for sharing