Market Mornings (2024.05.16) Inflation Data Fuels Rate Cut Bets, Lifts Gold and Bitcoin
Economic Events: The U.S. dollar fell against major currencies yesterday as the CPI data indicated a continued downtrend in inflation for April, reinforcing expectations of a Fed rate cut. The annual CPI rates dropped to 3.4% and 3.6% for headline and core, respectively, matching forecasts, but the monthly headline rate was slightly below expectations. This, […]