#CryptoRoundTableRemarks
🚨Urgent: A surprise in the American inflation data... the green light for the Fed to cut interest rates.
The American inflation data was released moments ago, showing a new decline, giving the Fed the green light to lower interest rates if deemed necessary.
The core Consumer Price Index (CPI) grew year-on-year by 2.4%, which is lower than the expected 2.5% but higher than the previous reading. On a monthly basis, the core CPI grew by 0.1%, which is less than the expected 0.2%.
The results of the core Consumer Price Index (excluding food and energy) for May were also positive, growing year-on-year by 2.8%, less than the expected 2.9%. On a monthly basis, it grew by 0.1%, which is lower than the expected 0.3%.
Fed's expectations after the inflation data
The positive data has contributed to raising expectations for an interest rate cut in September by the American Fed. Traders now expect two interest rate cuts in 2025.
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