📊 April's US inflation data is in... and it's not what we expected! Both April inflation data and services prices are softer than expected and while markets are currently expecting only two rate cuts this year, this could change if disinflation persists and weak growth outweighs any residual tariff effects. Will the Federal Reserve adopt an increasingly dovish stance in the coming months? In the meantime... need more data? We've got you covered with our full Market Update, available here: https://coinshares.com/insights/research-data/market-update-16-05-2025/?utm_source=twitter&utm_medium=social&utm_campaign=MA_MarketUpdate_0525&utm_content=market-update-16-05-2025