Christopher Waller of the Federal Reserve suggested that multiple rate cuts may occur in 2025 if inflation continues to decrease. Improved inflation data supports this outlook, prompting optimistic sentiment in the markets.
Bitcoin responded positively to inflation data, briefly surpassing 100,000 USD and fluctuating between 98,000 USD and 100,000 USD. Despite challenges at the 100,000 USD mark, there is strong bullish sentiment among traders.
Following Waller’s remarks, the two-year Treasury yield dropped to 4.25%. Market expectations have shifted, now anticipating 40 basis points of cuts in 2025, reflecting greater optimism for monetary easing.