BlackRock Flags Inflation Risk as May U.S. CPI Report Looms, Raising Concerns for Bitcoin and Crypto Markets

BlackRock is closely monitoring the upcoming May U.S. Consumer Price Index (CPI) report, which is expected to provide critical insight into how rising geopolitical tensions in the Middle East are influencing inflation in the United States. The investment giant believes the data could reveal the early effects of higher energy costs stemming from the ongoing U.S.-Iran conflict.