CPI, which stands for Consumer Price Index, is an important economic indicator for measuring inflation levels. The value of this index directly reflects the inflation situation of a country or region. However, the impact of CPI data on financial markets is not as straightforward as it seems.

In recent years, the United States has faced serious inflation issues. To address this challenge, the Federal Reserve adopted a policy of interest rate hikes. This measure not only attracted a return of dollars but also indirectly transferred the negative effects of inflation to other countries.

When we see the CPI figures rising, it usually indicates increased inflationary pressures, which may prompt the Federal Reserve to take action. Interest rate hikes are often seen as the most direct and effective response. However, the consequences of raising interest rates are multifaceted: it can lead to capital flowing back to the United States from around the world, and both the real economy and financial markets may face tightening pressures, which typically has a negative effect on global trading markets.

It is worth noting that the release of CPI data does not necessarily mean that the Federal Reserve will take intervention measures. Therefore, the market's focus on CPI data is essentially a concern for the policy expectations it may trigger.

The impact of CPI data in the cryptocurrency market is more complex. Sometimes, this data may be used by market manipulators as a tool or excuse to adjust the market. Therefore, investors need to be more cautious and conduct a comprehensive analysis when interpreting the influence of CPI data on the crypto market.

Overall, the CPI, as an important economic indicator, has an undeniable influence, but its mechanism of action on the market is much more complex than it appears on the surface. Investors need to take into account other economic factors and market dynamics when focusing on CPI data to make more accurate judgments.