CryptoCoinDesk3 days ago
U.S. inflation meets expectations, reinforcing Fed's higher-for-longer stance
1 min read
May CPI rose 0.2% month-over-month and 4.2% year-over-year, matching forecasts. Markets see a 98% probability the Fed will keep rates at 350-375 bps at the June 17 meeting, with a 25 bps hike expected by year-end. Bitcoin traded near $61,700, mostly unchanged.
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