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

On April 11th, according to The Block, the crypto market calmed down after the release of CPI data on Thursday. The report showed that the overall inflation rate in the United States fell last month, the first significant decline since 2020 and 2021. Valentin Fournier, an analyst at BRN, said that although the March data did not take into account the latest tariff rebound, the Federal Reserve may "cut interest rates and ease financial conditions" in May, which may boost assets such as bitcoin. Fournier also speculated that Wall Street crypto funds may soon see a large amount of capital inflows. He said that although the volatility is still high, the risk of a long-term downturn is limited, and the short-term impact of Sino-US trade tensions may be exaggerated. However, some experts pointed out that the CPI in March may have limited impact on the Federal Reserve's decision-making due to tariffs and trade wars. Mike Cahill of Douro Labs said that the bond market collapse, cooling inflation, and tariff delay are not macro resets, but structural imbalance signals, and the global system is still under pressure. Mike Marshall, head of research at Amberdata, believes that the long-term macro background of cryptocurrencies remains bearish based on traditional financial turmoil.