Inflation Eases, Markets Rise
On Wednesday afternoon, the cryptocurrency market edged up by a percentage point, buoyed by fresh U.S. inflation figures indicating a continued decline in price pressures. Bitcoin held steady at $81,754 per coin, while major U.S. stock indices posted gains, reflecting renewed investor optimism.
Trump’s policies persistently shape market sentiment, leaving a discernible imprint across various sectors. In the wake of the inflation report, Trump assured reporters that the prospect of a golden economic era remains within reach, reaffirming his vision for the nation’s financial future.
“Markets are gonna soar when they see what’s happening,” Trump remarked. I can tell you what I’m called every day by numerous big, big companies. I spoke at the business roundtable yesterday. They had the largest attendance they’ve ever had. These are only the CEOs and chairmen, but mostly the people that run [the company,] the boss, the people that run the top 150 companies, 150 people showed up. Every single company showed up, first time it ever happened.”
Trump added:
I want to tell you there’s tremendous optimism out there about our country in terms of regulations being cut, in terms of taxes being cut, and it would be great if the Democrats would do what’s right for our country for a change, because they really lost their way. They’ve lost their way.
The cryptocurrency market steadied at $2.68 trillion, while 10-year Treasury yields inched up to 4.305%, as markets tread a fine line between guarded optimism and unverified fiscal assurances. Cooling inflation and market recoveries highlight faith in deregulatory plans, though Trump’s untested promises collide with broader economic ambiguities.
With investors eyeing the Fed’s anticipated June rate reduction, the tension between political proclamations and concrete economic shifts highlights a fragile balance—where aspirations for expansion meet the complexities of policy implementation and global financial forces.
Source:news.bitcoin.com
