What to know:
- The U.S. Consumer Price Index jumped a whole 0.1% in May. Yep, that’s right—just a tiny sprinkle of inflation, like a really bad pinch of salt. And economists predicted… better luck next time. 🤷♀️
- Core CPI, which is basically the overall inflation’s more handsome, less volatile cousin, also came in softer than forecast. Sweet victory!
- Bitcoin responded, as it usually does, like a teenager to good news—about 0.6% higher, hitting $109,800, because hey, everyone loves a little financial drama.
Good news on the inflation front! May showed that the CPI and core CPI both decided to take a chill pill and grow less than everyone thought—kinda like your friend who promises she’ll quit eating carbs but then orders fries anyway. The CPI rose 0.1%, when everyone expected it to be 0.2%. Even April’s 0.2% looks overachieving now.
Year-over-year, CPI was 2.4%, just a smidge under the 2.5% forecast—so basically, inflation is sneaking away like your ex after a really bad breakup. The core CPI (which basically ignores food and energy because those are just dramatic) also grew 0.1%, compared to predictions of 0.3%. The annual core CPI is steady at 2.8%, proving that maybe, just maybe, the economy isn’t as wild as it’s made out to be.
Markets cling to hope—rate cuts incoming! 🎯
Bitcoin, that digital gold rush, jumped about 0.6% after the news, hesitantly trading at $109,800—because miracles happen, even in crypto.
Despite all the confusing signals, traders are confidently planning for the Federal Reserve to start easing up later this year. According to the CME FedWatch Tool, everyone’s betting on two rate cuts, one in September and another in December. So, unless inflation suddenly decides to throw a Zelda tantrum, this new data isn’t going to stop that train.
Meanwhile, traditional markets are feeling optimistic—U.S. stock futures recovered from earlier gloom and are now up about 0.4%. The 10-year Treasury yield took a tiny dip to 4.45%—because even bonds like to take a nap.
Read More
2025-06-11 16:14