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MarketVerified InsightPublished 29 Apr 2026 · 13:30 GMT

Fed Signals Cut as CPI Comes In Cooler

Blockchain News Summary

April CPI printed 2.7% YoY versus 2.9% expected, with core services ex-shelter — the Fed's preferred underlying measure — at the lowest since 2021.

Fed funds futures repriced quickly: probability of a 25bp cut at the June FOMC moved from 32% to 71% in 30 minutes. Two-year Treasury yields fell 14bp on the print.

Crypto reaction was orderly, with BTC up 1.8% and ETH up 2.2% on the day. Risk-on rates compression is constructive for long-duration crypto assets.

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