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As U.S. Treasury Secretary prepares to speak in Congress, signals of normalization with China emerge. President Trump announces nearing the completion of an agreement, with BTC trading around the $110,000 mark. Core U.S. inflation numbers are better than expected, while a statement from the White House aligns with ongoing efforts to combat inflation.
America Conquers Inflation
In 2021, inflation, which had reached a record high, fell dramatically from above 9% to under 3%. This outcome was facilitated by the Federal Reserve’s aggressive interest rate hikes and prolonged tight monetary policy. Yet, as inflation ascended, the Fed hesitated to raise rates promptly, much like its current delay in implementing rate cuts. Trump frequently chastises Powell as being “consistently late” and urges him to decrease interest rates.
The White House’s official website recently published an article titled “Under Trump, America is Conquering Inflation.”
“President Donald J. Trump propels the nation into a new Golden Age of reduced costs, higher wages, and economic opportunities for all, as America conquers inflation.”
Following Trump’s inauguration, inflation numbers were below expectations, with significant dips in key figures like the PCE. Core inflation hit its lowest point since March 2021.
“During President Trump’s tenure, core inflation consistently stayed around 2.0% annually—a level of stability in pricing not seen since the first Trump Administration.”
Wages increased by 2% compared to the previous year. Notably, energy prices dropped by 1% last month, with an annual decline of 3.5%.
According to CNN’s Matt Egan, another month brought positive inflation news, stating that inflation remained tame in May despite tariffs, surpassing expectations. Fox Business Network’s Maria Bartiromo also highlighted that the reported numbers exceeded market anticipations.
“We are now discussing low double digits—below 2.5%—and have observed this trend for three consecutive months. It’s fantastic news.”—Adam Johnson
Future of Cryptocurrencies
With about a year remaining until midterm elections, the Trump administration continues to emphasize the positives and maintains a focus on the glass being at least half full. Acknowledging that aggressive tariff stances are unsustainable, this perspective was evident in recent announcements regarding China. Amid inflation rises and potential recessions, voters are unlikely to be swayed by stories of economic battles, and Trump is cognizant of this.
Trump must strive to prevent inflation from being exacerbated by tariffs, which would benefit cryptocurrencies. This move should instigate interest rate cuts, paving the way for further increases in cryptocurrency value. If a major global conflict is avoided, cryptocurrency investors are optimistic about a bright end to 2025 and the onset of 2026.
