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CPI Data Met Expectations, Will Fed Also Match 25bps Rate Cut?
CPI Data Met Expectations, Will Fed Also Match 25bps Rate Cut?
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BTCCSquare news:
Inflation data aligned perfectly with market forecasts, as the CPI registered at 2.9%—a figure that dispelled lingering fears of an upside surprise. The calm headline number belies the underlying turbulence it has ignited across financial markets.
Cryptocurrencies, often sensitive to macroeconomic shifts, now face a pivotal moment as traders weigh the likelihood of a 25-basis-point Fed rate cut. Bitcoin and Ethereum, the bellwethers of digital asset markets, could see heightened volatility depending on the central bank's next move.
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