Analyst: Weak inflation data may prompt the Federal Reserve to cut interest rates, but the macroeconomic outlook remains pessimistic

According to The Block, after the release of CPI data on Thursday, the cryptocurrency market tended to calm down. The report showed that the overall inflation rate in the United States fell last month, marking the first significant decline since 2020 and 2021. BRN analyst Valentin Fournier said that although the March data did not include the latest tariff rebound, the Federal Reserve may "cut interest rates and relax financial conditions" in May, which could boost assets such as Bitcoin. Funier also speculates that Wall Street cryptocurrency funds may soon receive a large influx of funds. He stated that positive factors such as easing inflation, potential peak tariffs, and the appointment of a new SEC chairman have converged, and although volatility remains high, the long-term risks of a downturn are limited, and the short-term impact of trade tensions between China and the United States may be exaggerated. However, some experts point out that the March CPI may have limited impact on the Federal Reserve's decision-making due to tariffs and trade wars. Douro Labs' Mike Cahill stated that the collapse of the bond market, cooling inflation, and delayed tariffs are not macroeconomic reset, but rather signals of structural imbalances, and the global system is still under pressure. Mike Marshall, the research director of Amberdata, believes that based on traditional financial turbulence, the long-term macro background of cryptocurrencies remains bearish.