May CPI hit 4.2% year-over-year, a three-year high, but softer core inflation at 2.9% kept Bitcoin steady near $60K as markets await the Fed's June 17

US inflation hit 3.8% in April 2026, a three-year high, with forecasters warning it could top 4%. Bitcoin holds above $80K as the Fed freezes rate cuts.

Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.