The following numbers were expected in US inflation data in May, which strengthened expectations for the Federal Reserve to cut interest rates in 2025:
As reported by the Bureau of Labor Statistics (BLS), The Consumer Price Index (CPI) rose 0.1% per month compared to 0.2% analysts’ forecast The same percentage recorded in April. Year-to-year comparisons showed that the seasonally unadjusted IPC was 2.4%, with a planned 2.5%, slightly above the previous month’s 2.3%.
In terms of the underlying inflation that excludes food and energy, monthly progress was also 0.1%, well below the estimated 0.3%, and below 0.2% last month. Year-to-year measurements showed that underlying inflation remained at 2.8%, as in April, slightly below the expected 2.9%.
These numbers will be strengthened A sense of relief from inflation And they start to influence financial expectations.
As you can see in the image below, the price of Bitcoin had an initial upward reaction.
Anyway, Investors await official communications regarding negotiations between the US and China Regarding tariffs on international trade. As Cryptonotics reported this morning, the bilateral dialogue has concluded, and obviously the outcome will be advantageous for both countries.
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