CPI Data Becomes Key Focus Amid U.S. Government Shutdown

According to BlockBeats, QCP Asia highlighted in its market report that the ongoing U.S. government shutdown has led to a freeze in the release of most official data. Consequently, the market's attention is entirely focused on the Consumer Price Index (CPI) data scheduled for release on Friday. This data serves as the sole economic indicator available for the Federal Reserve before it resumes policy statements. The report suggests that if the CPI shows a month-on-month increase of only 0.2%, it could reinforce expectations of a 'soft landing' for the economy and support an upward trend for Bitcoin.