November's consumer price data just dropped, and it came in below the radar: inflation running at 2.7% on an annual basis. That's lighter than what economists were pricing in, which typically signals fewer rate hikes on the horizon—at least that's what the initial reaction suggests.

For traders and investors keeping tabs on macro conditions, this matters. Lower-than-expected CPI readings usually dial back pressure on central banks to keep tightening policy. The ripple effects are real: softer inflation narrative can support risk-on sentiment across crypto and traditional markets alike. Of course, one month of data doesn't make a trend, but it's the kind of signal that gets factored into positioning and expectations moving forward.