TechFlow news, on February 12, according to CoinDesk, the U.S. Department of Labor will release January's CPI data at 21:30 Beijing time today. If inflation comes in below expectations, it could boost market anticipation of Federal Reserve rate cuts, pushing down Treasury yields and weakening the dollar, which would benefit risk assets such as Bitcoin.
However, data from Mott Capital Management shows that two-year inflation swap rates have risen to 2.8%, the highest since early 2023, indicating market expectations of rising inflationary pressures ahead.
Analysts from BlackRock and Royal Bank of Canada suggest that persistent service-sector inflation and wage growth above the Fed's 2% target may force the central bank to maintain high interest rates. CME data indicates a 54% probability that markets expect the Fed to either cut rates just once or hold steady this year. Bitcoin is currently consolidating within the $90,000 to $110,000 range, with limited potential for a breakout rally in the short term.
