📢 U.S. CPI in May: moderate inflation and market reaction
Today, the Consumer Price Index (CPI) for the U.S. was released, showing a 0.1% increase in May, with a year-on-year inflation rate of 2.4%. Excluding the volatile prices of food and energy, the core inflation also rose 0.1% month-on-month and 2.8% year-on-year.
🔥 Market Reaction
The major stock indices reacted with mixed movements.
✅ NYSE and Nasdaq: Following the release of the data, the market opened with slight volatility. Technology stocks, sensitive to interest rate expectations, experienced *ups and downs*, as the moderate CPI could keep the Fed on hold before any rate cuts.
🚀 Cryptocurrencies: Bitcoin and Ethereum have shown **high volatility**, with sharp movements in the early hours following the announcement. Historically, a low CPI can generate optimism, but the uncertainty regarding the Federal Reserve's stance keeps pressure on these digital assets.
🔍 What's Next?
The market will be attentive to the Fed's upcoming signals regarding interest rates. A controlled CPI could reinforce the idea that rate cuts will come later in the year, which would boost risk assets. However, any indication that inflation is still a concern for the Fed could generate more pressure in financial markets. 📈
