🔥 US inflation is 3.3%, which was expected to be 3.4%
US CPI unexpectedly fell in May due to a drop in gasoline prices. The market expects the Fed to cut interest rates by 25 basis points in November with a 100% chance. A rate cut in September remains in doubt.
🧪 #BTC surges to over $69k off the news of cooler inflation numbers.
Wall St algos think inflation is cooling and that it’s good for #Bitcoin.
Literally regarded)