The U.S. CPI was less than expected 🥳 But, the Fed interest rate decision wasn't.

in hive-103599 •  5 months ago  (edited)

1000017022.jpg

Source: Investing.com

CPI(Consumer Price Index)(YoY: Year of Year) & Core CPI were less than expected 🥳

1000017024.jpg

Source: Investing.com

The Fed decided to hold the federal funds rate steady. The new dot plot represents one interest rate cut in 2024. When will it be?

1000017032.jpg

Source: CME FedWatch Tool

More than 56% market participants anticipate that there will be the first interest rate cut this September.

Nevertheless, the U.S. stock markets are skyrocketing. But, the crypto market isn't. I think it will follow the trend soon.

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This comment is for rewarding my analysis activities. Upvotings will be proceeded by @h4lab and @upex

  ·  5 months ago 

Upvoted! Thank you for supporting witness @jswit.

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  ·  5 months ago 

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