US inflation cools as core CPI comes in softer than expected, reigniting optimism across risk assets. Softer inflation readings have sent US equities higher and sparked fresh speculation about potential Federal Reserve rate cuts down the line. The market's risk-on sentiment is trickling into crypto, where investors are positioning for what could be a meaningful shift in monetary policy. Meanwhile, the Fed Chair is navigating some headline-grabbing challenges, including a DOJ investigation, while central bankers worldwide are coordinating their next moves. For traders watching the macro backdrop, this inflation slowdown is reshaping expectations around everything from equity valuations to digital asset appetites—and the data points we get in coming weeks will be crucial in determining whether this momentum holds.