#美国消费者物价指数发布在即 Want to understand why the crypto market always keeps an eye on US economic data? The key lies in these two indicators.

**What is the CPI (Consumer Price Index)?** Simply put, it reflects the price changes of everyday goods and services such as groceries, dining, and fuel. When prices rise, it indicates inflation is increasing; when prices are stable, the economy is relatively calm. For us, this directly impacts our purchasing power.

**Why is core CPI discussed separately?** Food and energy prices are highly volatile and can create too much noise. Excluding these two items, core CPI provides a clearer view of the true inflation trend, and it is also a more important indicator for the Federal Reserve.

**Why does the crypto market pay so much attention?** Because CPI data directly influences the Fed's stance. High inflation may lead the Fed to adopt a hawkish approach, raising interest rates and causing the US dollar to appreciate. In such times, risk assets (including cryptocurrencies) usually come under pressure. Conversely, moderate inflation gives the Fed room to maintain an accommodative stance, which is positive for $BTC, $ETH, and others. Interest rates, the dollar exchange rate, and gold prices will fluctuate accordingly.

**When is the data released?** Once a month, usually around the middle of the month. Financial markets start to brace themselves days in advance, waiting for this data to set the tone for the upcoming market trend.