US Inflation Cools, Trump Eyes Steel Tariff Cuts Amid Market Volatility.

The US stock and crypto markets retreated as the latest consumer inflation report showed a decline in headline and core inflation rates. The Dow Jones, Nasdaq 100, and S&P 500 futures fell by over 35 basis points, while Bitcoin dropped to $66,000. The market capitalization of all tokens fell to $2.29 trillion. The decline in inflation rates could impact the Federal Reserve's decision to cut interest rates further.