The US will release CPI inflation data for May before the Fed announces its June interest rate decision tonight.

This data is crucial because last week's US employment data was higher than expected, reducing expectations of a Fed rate cut.

At this time, Wall Street giants shared their expectations for US inflation data.

According to the Wall Street Journal, Wall Street giants such as JPMorgan Chase, Bank of America, Goldman Sachs, Morgan Stanley, Citi, UBS, Nomura, Royal Bank of Canada and Barclays estimate that the CPI will be 3.4%.

In contrast, BNP Paribas, TD Bank and Wells Fargo predict that the CPI will fall to 3.3%.

According to market economists' forecasts, the full-year CPI will be 3.4%, the same as last month.

The monthly rate is expected to slow to 0.1% from 0.3% last month, while the annual core CPI is expected to fall from 3.6% to 3.5%.

Forecasts for the CPI by Wall Street giants and economists generally point to positive data and bullish market sentiment.

Although Wall Street giants also predict that the Fed will cut interest rates in September, this decision of the Fed is considered decisive for whether the rate cut will start or be postponed.

If CPI meets market forecasts, expectations of a rate cut in September may increase, which could boost the price of Bitcoin.

Bitcoin, which fell before CPI and the Fed's decision, created an opportunity to buy from the bottom. BTC will rise in the short term, and as BTC rises, the crypto market will bring a recovery. #美联储利率决策即将公布 #美联储何时降息？

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