According to ChainCatcher, after the release of the US CPI data, the market expects the Federal Reserve to cut interest rates by a total of 77 basis points over the next year, with a cumulative cut of 48 basis points by December. Previously, the expectation was a cut of 67 basis points over the next year, with a reduction of 42 basis points by December. Traders have increased their bets on the Federal Reserve cutting rates, basically anticipating two rate cuts this year.