Content
@
0 reply
18 recasts
21 reactions
Maryama 🎩 ðŸŽ
@maryama
The U.S. Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) report for April, showing that annual inflation in the country eased to 2.3 percent. This was slightly lower than the previous month and in line with expectations. Following the release of the data, the price of Bitcoin (BTC) did not react much and remained almost unchanged, trading at $103,700 at press time at 17:00 Tehran time. As a key economic indicator, the CPI data influences the Federal Reserve’s decisions on interest rates. Lower inflation could increase the likelihood of the Federal Reserve cutting interest rates, which could potentially be positive for digital assets like Bitcoin. The CME FedWatch tool also shows a high probability of a rate cut at the June Fed meeting.
1 reply
0 recast
1 reaction
Rahanoor 🎩
@rahano
Lower inflation could increase the likelihood of the Federal Reserve cutting interest rates, which could be positive for digital assets like Bitcoin How great 90 $DEGEN
0 reply
0 recast
0 reaction
