Latest inflation figures could give Fed Chair Powell the opening he needs to justify rate cuts. Fresh CPI data shapes the narrative around monetary policy direction—and for crypto markets watching liquidity conditions, this matters. When inflation moderates, rate cut expectations typically strengthen, which historically translates to easier capital flows into risk assets. Markets will be parsing every word from officials to gauge how aggressive the cutting cycle could be. The timing and magnitude of potential rate reductions remain the key variable everyone's watching.