U.S. Inflation Data Exceeds Expectations, Impacting Market Sentiment

U.S. inflation data has surpassed expectations, dampening hopes for a Federal Reserve rate cut this year and causing a broad retreat in risk assets. According to Odaily, following the data release, the market anticipates that the Federal Reserve will maintain interest rates between 3.50% and 3.75% at its June 17 meeting, potentially keeping them unchanged through the end of the year. The data's impact led to a short-term decline in Bitcoin, trading around $80,700 to $80,814, with a 24-hour drop of approximately 1.2%. U.S. stock futures also weakened, and the yield on the 10-year U.S. Treasury rose to 4.44%. In commodities, WTI crude oil increased by about 3%, reaching $101, further intensifying concerns over persistent inflation. Analysts note that with inflation exceeding expectations and energy prices strengthening, market risk appetite is suppressed in the short term, putting pressure on the repricing of both crypto assets and equity markets.