🔼 Summary of the Day After the CPI


Today, the CPI data was published — 2.7%, which is below the forecast of 2.8%.
🐂 Since the report showed a slowdown in inflation growth, risky assets reacted very positively.
↗️ The S&P 500 index broke a new high above $6,400. Meanwhile, BTC recovered to $120,000, and ETH rose to the $4,500 range.
📊 The upward movement of risky assets is linked to expectations of an upcoming Fed rate cut. The probability of a rate cut in September is already 94%. #Gate Releases August Reserves Report# #BTC Hits New ATH# #Show My Alpha Points#
IN-8.58%
BTC-1.11%
ETH-3.89%
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