In February, the U.S. CPI increased by 2.8% year-on-year, lower than the market expectation of 2.9% and the previous value of 3%, marking a new low since last November. The month-on-month increase recorded at 0.2%, also below the expected 0.3% and the previous value of 0.5%.
Inflation is cooling across the board, Bitcoin has broken through 83,000, and Nvidia and Tesla have strongly rebounded over 6%. Expectations for a Fed rate cut in June are rising, and market sentiment is high, just waiting for the official announcement of the rate cut!