“Live Updates: U.S CPI Report” – CoinAero

The Consumer Price Index (CPI) tracks the monthly change in prices that U.S. consumers pay for goods and services. The Bureau of Labor Statistics calculates it by taking a weighted average of prices for a basket of items that reflects typical consumer spending. Essentially, the CPI is a measure of inflation or deflation. It differs from the Producer Price Index (PPI), which uses separate survey methods and weights to track the prices producers receive, rather than what consumers actually pay.

Tonight’s CPI release could set the tone for rate expectations, with markets now pricing in four Fed cuts for the year—up significantly from just one in January. Volatility has spiked, as evidenced by the VIX, which peaked at 28 before settling at 26.6. Additionally, the Cboe VIX term structure flipping into backwardation hints at a potential market floor, offering a glimmer of stability amid the current turbulence.