As the financial market braces for the release of the April consumer-price index data, bond traders are on high alert for potential shifts in the bond market, which has been reacting to inflation data with uncertainty.
Despite signs of slowing economic growth and labor market conditions, investors remain cautiously optimistic. Bitcoin's recent rally faces challenges from upcoming economic reports, including the Producer Price Index and Consumer Price Index, as investors closely monitor inflation data for insights on Federal Reserve rate cuts.
Wall Street warns of potential stock-market volatility following the CPI report, with outcomes likely influencing the S&P 500 Index. US stocks opened higher in anticipation of the inflation report's impact on interest rate decisions, while futures for main indexes remained slightly higher.
Additionally, Euro zone and Asian markets are also affected by the awaiting U.S. economic data and global economic trends.
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