This week’s major financial market events ignited a surge of investor enthusiasm fueled by the surprising release of Producer Price Index (PPI) data below expectations. Despite pre-release survey predictions pointing towards a 50 basis point cut by 64% of respondents and 40% anticipating a 75 basis point reduction annually, the actual PPI data defied expectations. While European Central Bank (ECB) inflation forecasts increased slightly today, no interest rate changes were announced. Meanwhile, the US Consumer Price Index (CPI) and Core CPI figures aligned with expectations, providing positive signals for markets. While monthly core inflation climbed by 0.3%, headline inflation rose by 0.4% exceeding expectations by 0.1%. This development offers potential relief for cryptocurrencies, which were anticipating potentially harsh impacts from tariffs on inflation.