For months, President Donald Trump repeatedly pressured former Federal Reserve Chair Jerome Powell to cut interest rates. Trump’s argument was that lower borrowing costs would boost economic growth, support financial markets,

On Wednesday, June 10, the Bureau of Labor Statistics reported May’s Consumer Price Index. The data confirmed a troubling trend since the start of the Iran conflict: inflation is surging. The all-items index rose 4.

May 2026 US CPI hit 4.2% year-over-year, a three-year high, while core inflation came in softer at 2.9%. Here's what it means for crypto investors.

Hot May inflation print could deepen crypto's pain, BlackRock warns.

Bitcoin (BTC-USD) is attempting a short-term recovery after fresh U.S. inflation data and shifting Fed expectations brought buyers back into risk assets. The May CPI print came at +0.5% M/M and +4.2% Y/Y,

JPMorgan's trading desk has a cheat sheet on how the S&P 500 will react to core CPI readings. Options markets are pricing in a 1% move in the key U.S. index on Wednesday. According to JPMorgan, a reading above 0.

If core CPI is below expectations (below 0.3% m/m), it weakens the hawkish repricing, supports rate-sensitive tech, and extends the AI-led rebound. This directly benefits from lower real-rate pressure and a renewed risk-on tape.

Bitcoin dipped below $63,000 despite in-line CPI data, trading at $62,740. Major altcoins saw mixed movements, with some gaining up to 3% while Hyperliquid fell. Analysts note Bitcoin's range-bound trading and tentative recovery,

The US CPI data for May lands just days before the next FOMC meeting, the first to be chaired by incoming Fed Chair Kevin Warsh, where the Fed is widely expected to hold rates steady.

Gold and silver remain under pressure before CPI data as a stronger U.S. dollar, rising oil prices and Fed rate hike expectations weigh on precious metals.

Stocktwits data showed retail traders continued to maintain a ‘bullish’ stance on QQQ, but have turned ‘neutral’ on SPY.