U.S. May CPI to be released tonight at 9:30

Simultaneous Release of Annual and Monthly Consumer Price Indices… Advisory on Volatility in Virtual Asset Market

U.S. May Consumer Price Index (CPI) data will be released tonight. On the 10th, the U.S. Department of Labor will announce key indicators related to the May CPI at 9:30 p.m. KST.

This announcement includes the May seasonally adjusted CPI annual growth rate and the seasonally adjusted CPI monthly growth rate. In addition, the May seasonally adjusted core CPI monthly growth rate and the seasonally adjusted core CPI monthly growth rate will also be released. The core CPI is a price index that excludes volatile food and energy prices, and it is an important indicator that the Federal Reserve (Fed) refers to when making monetary policy decisions.

CPI data is a key economic indicator for gauging the level of inflation in the United States. Immediately after the announcement, there is a high likelihood of sharp price fluctuations in stocks, bonds, and foreign exchange markets, as well as in virtual asset markets including Bitcoin. Market reactions are particularly amplified if the figures exceed or fall short of expectations.

Domestic virtual asset investors should be aware that market volatility may increase around 9:30 PM today. As the U.S. CPI release is a major event that determines the direction of global financial markets, investors holding leveraged positions need to exercise particular caution.

Choi Joo-hoon joohoon@blockstreet.co.kr