Asset prices spiked higher in early trading on Tuesday after the latest Consumer Price Index (CPI) came in cooler than expected, but the gains moderated in the afternoon after the Federal Reserve held interest rates unchanged and projected just one rate cut this year, down from the two markets had been anticipating. “Consumer prices were unchanged in May from the previous month, which is a good sign, considering the slight decline of the CPI in April,” said Leena ElDeeb, Research Associate at 21Shares, in a note shared with Kitco Crypto. “That said, investor appetite for risk-on assets, like crypto, is expected to ... (full story)