📌 #US inflation was 0.1% monthly in May. Annual inflation was 2.4%. 🔴The market expectation was for a monthly #inflation of 0.2% and an annual # inflation of 2.4%. 🔴The expectation that the FED will be strengthened for a rate cut with the monthly inflation coming in below expectations. ➡️This situation is a positive development for #XAUUSD, i.e. ounce gold, and also a positive development for # Bitcoin and #altcoins. 🔴However, the # FED plans not to rush to cut rates as it predicts that inflation will tend to increase in the coming months. 🔴In 2025, the FED is expected to complete the year with a single #interest rate cut of only 25 bps.

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