The US PPI Drops, Interest Rate Cut Expectations Rise - But Why is the Market Unmoved?

Core inflation data has just been released, with the US April core PPI at only 2.4%, below expectations, indicating that inflationary pressures are easing. Theoretically, this should inject a boost into the market, especially for crypto assets - but in reality, the response has been quite 'cold'.

Fed spokesperson Powell once again takes the stage, continuing to repeat the rhetoric of 'patience, data-driven', completely ignoring calls for an immediate rate cut from the president. The market's hopes for a 'shift' have once again fallen flat.

Surprisingly, Bitcoin and Ethereum showed no volatility in response to this favorable data. The market is beginning to realize that relying solely on data is insufficient to drive the market; the real tipping point will depend on when policies are implemented. #eos #NXPC #TRUMP #sol #BTC $SOL $TRUMP $PEPE