#5月CPI 数据将公布 upcoming US CPI data may have an impact on the Fed's rate cut expectations. According to historical data, the CPI is one of the important monetary policy reference indicators of the Federal Reserve. If the CPI data is higher than expected, it could indicate that inflationary pressures remain, which could delay the Fed's decision to cut interest rates. Conversely, if the CPI data is lower than expected, it may reduce inflationary pressures, thereby increasing the likelihood of the Fed cutting interest rates.

For the cryptocurrency market, the Federal Reserve's decision to drop interest rates has a complex impact on cryptocurrencies, particularly risk assets like Bitcoin and Ethereum.
In general, a rate cut may lead to a depreciation of the dollar, increasing investor interest in risk assets, which in turn drives up cryptocurrency prices. However, if the expectation of a rate cut causes the market to wait for further policy actions, this may temporarily increase market uncertainty, affecting the performance of the crypto market.

Therefore, Wednesday's CPI data will become the market's focus, especially the remarks from The Federal Reserve (FED) Chairman Powell, who will be a key factor in market expectations. If the CPI data meets or is lower than market expectations, it may spark speculation in the market regarding the future intentions of the Federal Reserve to drop interest rates, thereby affecting the trend of the cryptocurrency market.