The overall data is roughly in line with market expectations, inflation is indeed on the rise, and wage income has slightly decreased. The U.S. stock market has not seen significant changes in pre-market trading. $BTC is generally aligned with the U.S. stock market in the big picture. Today, Basant emphasized again that the candidate for the Federal Reserve Chair has started, and the market is likely not to pay too much attention to the short-term trend of inflation.

There is a high probability that the Trump administration will have something to say about the new Federal Reserve Chair this month. Therefore, the market's expectations should be in this regard. As long as the right choice is made, it will put pressure on Powell and may even create discord within the Federal Reserve.

Let's see if it goes according to this script.