The latest figures indicate that the U.S. Consumer Price Index (CPI) increased by just 0.1% in May, which is lower than the 0.2% that analysts predicted. This marked a slowdown from the previous month’s rate of 0.2%. Furthermore, the year-over-year CPI increased by 2.4%, slightly below expectations of 2.5%.

Core CPI, which excludes volatile items such as food and energy, also rose by 0.1%, contrasting with predictions of a 0.3% rise and remains consistent with April’s figure of 0.2%.

Following this announcement, Bitcoin saw a rise of about 0.6%, trading at approximately $109,800. Analysts continue to express confidence that the Federal Reserve might begin easing its monetary policies in the coming months. Current market sentiment highlights that traders are anticipating two rate cuts, the first likely in September and the subsequent one in December.

Additionally, U.S. stock index futures showed some improvement, rebounding slightly by around 0.4%.