🔼 Summary of the Day After the CPI

Today, the CPI data was published — 2.7%, which is below the forecast of 2.8%.

🐂 Since the report showed a slowdown in inflation growth, risky assets reacted very positively.

↗️ The S&P 500 index broke a new high above $6,400. Meanwhile, BTC recovered to $120,000, and ETH rose to the $4,500 range.

📊 The upward movement of risky assets is linked to expectations of an upcoming Fed rate cut. The probability of a rate cut in September is already 94%.