The consumer price index is a key gauge for Federal Reserve rate decisions, with the year-on-year reading expected to rise from the previous 3.8%.
U.S. consumer price index data is scheduled for release at 6 PM IST, with the year-on-year CPI reading expected at 4.2%, up from the previous 3.8%. CPI is a closely watched inflation measure and one of the most important indicators for Federal Reserve rate decisions, making the release relevant across risk assets including crypto.