Bitcoin price finds buyers at $80,800 at the time of writing, despite the inflation report coming above expectations. If the PPI report coming tomorrow has this tone, we will not see an interest rate cut at the Fed meeting in 36 days, even if Warsh takes office on Friday.
US Markets
US April seasonally adjusted Core CPIincreased by 0.4% on a monthly basis, above the market expectation of 0.3% and recorded the highest level since January 2025. Headline inflation returns to 2024 levels. These figures are quite disturbing for the markets.
Moreover, the index is also weakening due to the sales wave in high-performing technology stocks in the US markets. The increasingly fragile ceasefire in the Middle East allowed oil to exceed $107 again.
Nasdaq 100 futures fell 0.7% after a rally in chipmakers pushed the index to a record high for a second day in a row. S&P 500 contracts fell 0.3%. i Samsung and SK Hynix are concerned about the tax increase on artificial intelligence revenues.
After Trump rejected Iran’s latest offer and implied that the ceasefire would not last long, everyone Chinese He is focused on what Trump will initiate after his meeting.
Cryptocurrencies
Bitcoin Surprisingly, it is moving towards the 81 thousand dollar mark and despite the bad data, this performance is risky. cryptocurrencies He likes to surprise, and we have often seen the chart move in the opposite direction when conditions point in a certain direction. However, since this can turn into a trap, it may be in favor of investors not to underestimate the risks. For example, ETH lost $2,300 as conditions highlighted the potential for further declines in crypto and stocks.
Trump has an interview at 18:00. Here Iranian and can give comprehensive messages about the future about the economy. At 8 p.m., the Fed’s Goolsbee will speak at the Greater Rockford Chamber of Commerce luncheon. We may touch on the latest inflation report and also see questions about Warsh as there is a question and answer session at the event.
The probability of seeing a 25bp interest rate increase between March and July 2027 has increased to 70 percent. The possibility of a discount in 2026 is almost zero. So we can say that QE ended before it started. For now, the data points to this.
