The annual rate of US CPI hit a six-month high, and the possibility of the Fed cutting interest rates in June has decreased

According to Odaily Planet Daily, the annual rate of the US unadjusted CPI in March was 3.5%, higher than the expected level of 3.4%, the highest level since September 2023. The US CPI was higher than expected, and spot gold fell by $16 in the short term, now at $2,333 per ounce. After the March CPI data, the swap market showed that the possibility of the Fed's interest rate cut in June decreased. According to Binance market data, BTC may be affected by CPI and fell by 1% in the short term, and is now quoted at 68,184.86 USDT.