Fed Expected to Cut Interest Rates by 25 Basis Points
At the heart of Bitcoin’s meteoric ascent lies a tale of economic uncertainty. Recent revelations from the U.S. Department of Labor unveiled a portrait of economic fragility, with the consumer price index (CPI) registering a tepid rise in April. As the headline CPI nudged up by a modest 0.3%, signaling a moderation in living costs compared to previous months, and the core CPI mirrored a similar trajectory, murmurs of inflationary pressures easing began to reverberate across financial markets.·
For the full story, head over to TheCurrencyAnalytics.com.
