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Ethereum tries to gather momentum after the CPI report
US equities surged again after the CPI release, with all major indices — S&P 500, Nasdaq, and Dow Jones — notching fresh all-time highs. The US dollar has been struggling with rate markets are now progressively betting ofn a 50 bps FOMC cut, though expectations remain fluid. Indeed, the immediate post-CPI reactions took some of that pricing back, before re-upping the odds just above 10%. Players will now expect hints from journalists such as Wall Street Journal's Timiraos, the usual suspect for pre-FOMC FED insights. However, cryptocurrencies are lagging this risk-on rally. While Bitcoin rebounded since its past ... (full story)
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