According to The Kobeissi Letter, market expectations for May 2025's Core CPI inflation report have increased to 2.9%, per data from @Kalshi. This would represent the first uptick in Core CPI inflation since January 2025. The report, due before the June Federal Reserve meeting, is critical for traders as any surprise rise in inflation could delay rate cuts, potentially strengthening the US dollar and pressuring Bitcoin and other cryptocurrencies (source: The Kobeissi Letter Twitter, June 10, 2025). Elevated inflation concerns may heighten volatility in crypto markets as investors adjust risk exposure ahead of the Fed's decision.