Crypto Market Surges After Better Than Expected U.S. Inflation Data Increases Chances of a Fed Rate Cut Later This Year

According to CNBC, in a much-anticipated report from the Labor Department’s Bureau of Labor Statistics, the consumer price index (CPI) showed a modest increase of 0.3% in April compared to March. This figure was slightly below the Dow Jones estimate of 0.4%, indicating a minor easing of inflationary pressures. However, the year-over-year CPI still rose […]