US CPI Falls to 3.4%: What It Means for the Market.

US CPI Falls to 3.4%: Implications for the Market

In a significant economic update, the US CPI falls to 3.4%, down from 3.5% last month. This marks the second consecutive month the US CPI falls, reinforcing a cooling inflation trend. Core CPI also showed a decline, coming in at 3.6% compared to the previous 3.8%. As the US CPI falls, market expectations for a more dovish Federal Reserve grow stronger, suggesting a bullish outlook for Bitcoin and other risk assets.

Market Insights:

1. 15-Minute Chart: Showing a clear direction.
2. SP500: Close to reaching a new all-time high.
3. Rate Cuts: Expected in 2024.
4. Market Expectation: A potential blow-off top for both stocks and crypto.

Stay tuned for more updates and detailed analysis as these trends develop.

Read More CryptoNews: Notcoin Launching Day | Riding the FTM/USDT Bullish Wave | Sam Bankman-Fried Appeals 25-Year Prison Sentence