#CryptoRoundTableRemarks

🚨Urgent: A surprise in US inflation data.. the green light for the Fed to cut interest rates.

US inflation data was released moments ago, showing a new decline that gives the Fed the green light to lower interest rates if it sees fit.

The main 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. Month-on-month, the main CPI grew by 0.1%, lower than the expected 0.2%.

Additionally, the results of the Core Consumer Price Index (excluding food and energy) for May were positive, growing year-on-year by 2.8%, lower than the expected 2.9%. Month-on-month, it grew by 0.1%, which is lower than the expected 0.3%.

Fed expectations after the inflation data

The positive data has raised expectations for an interest rate cut in September by the US Fed. Traders now expect two interest rate cuts in 2025.

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