The U.S. CPI was less than expected 🥳 But, the Fed interest rate decision wasn't.
CPI(Consumer Price Index)(YoY: Year of Year) & Core CPI were less than expected 🥳
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?
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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