🛟Breaking news reveals a sudden decline in the cryptocurrency market following a week of gains, t

riggered by higher-than-anticipated US inflation at 3.1%.

This inflation figure prompted a reassessment of interest rate expectations for 2024, with market predictions now anticipating only four interest rate cuts compared to the previously projected six. This adjustment aligns with the Federal Reserve's guidance of three rate cuts for the year.

The probability of a rate cut in March is now below 10%, with declining chances for May as well.

Factors influencing rate expectations include inflation data,

economic growth,

and investors'

outlook on the economy's future trajectory. It's crucial to stay updated on economic data and central bank guidance for the latest predictions amid this volatile market environment#Write2Earn #TrendingTopic #BTC #Inflationrate .