Alternative inflation data suggests a cooling in US prices, supporting the case for interest rate cuts. Truflation data shows a year-over-year drop in the US Consumer Price Index to 0.86% and core PCE at 1.38%, below the Fed’s 2% target. This could impact risk assets like cryptocurrencies. The US dollar’s future is uncertain, with market signals hinting at a potential downturn. The US Dollar Index recently broke a long-term support level, indicating further downside risk. A weaker dollar is seen as beneficial by macro investors and aligns with global financial conditions and growth objectives.

Read more at Cointelegraph: Alternative Inflation Data Shows Sharp Cooling in US CPI