The latest US CPI data for April came in at 3.8% year-over-year, higher than the expected 3.7% and up from the previous month’s 3.3%.
This hotter-than-expected inflation reading suggests that price pressures remain stubborn despite the Federal Reserve’s previous rate cuts. The data could influence the Fed’s monetary policy path in the coming months and may dampen expectations for aggressive rate cuts later this year.
For the crypto market, persistent inflation often supports Bitcoin and other risk assets as investors seek inflation hedges. However, it also increases the chance of prolonged higher interest rates, which could weigh on liquidity and risk appetite in the short term.
Source: https://www.cnbc.com/2026/05/12/cpi-inflation-april-2026-.html
