The U.S. Bureau of Labor Statistics is all set to release the Consumer Price Index (CPI ) data today for the month of January. The inflation rate is expected to slow down and come to 6.2% the lowest since October 2022. The inflation excluding food and energy is predicted to come down to 5.4% from 5.7%. This will also set a path for the U.S. Federal Reserve to decide the repo rates.
The CPI data for December showed slowing inflation, thus, the FED slowed the rate hike by 25bps this month. Cooling inflation and a decline in the FED rate hike will ultimately push more investors toward the market.
Since there are expectations of declining inflation, these cryptocurrency is supposed to show a positive impact. The 5 cryptocurrencies that are expected to boom as per our research are listed below:
Disclaimer: This article is not a piece of financial advice. It is a prediction and analysis of a team. Kindly research and invest at your own risk.
1. Polygon (MATIC)
Polygon price has been on the
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