$ETH Hope for Fed Rate Cuts Dashes, Investors on Edge

Hope for Fed rate cuts has vanished, and a rate cut in June seems nearly impossible. The latest inflation data shows that core CPI is higher than expected, and the Producer Price Index (PPI) is also rising, which signals the Fed is not supportive of a rate cut in the near term.

According to the CME FedWatch Tool, the market predicts a 97.4% probability that the Fed will not cut rates this month. This news has left investors feeling anxious, and cryptocurrency prices have also been