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OverviewAPI
The article discusses the expected US inflation data and its impact on the Federal Reserve's decision to cut interest rates. It also mentions the rise in Bitcoin's price to $50,000. The data is expected to show abating price pressures, with the Consumer Price Index forecast to drop to 2.9% year-on-year from 3.4% in December. The article also highlights the division among officials regarding the inflation outlook and the Fed's benchmark lending rate.

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