Expected US Inflation Data and Its Impact on the Federal Reserve

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.