CPI lower than expected, Nvidia leads the surge, ETH has risen nearly 50% in a week.

Benefiting from the US-China tariff agreement and easing inflation data, US stocks rose broadly on Tuesday (5/13). The US Department of Commerce officially revoked the "AI diffusion rules" from the Biden era on Tuesday, with AI giant NVIDIA leading the charge, and the Philadelphia Semiconductor Index rising more than 3%. ETH has been continuously rising after a major upgrade on Pectra, with a 7-day increase of nearly 50%, however, ETH/BTC remains at a low of 0.0257.

CPI lower than expected, the Federal Reserve may lower interest rates in September.

Due to moderate prices for clothing and new cars, the U.S. inflation rate in April rose less than expected, indicating that businesses are not yet eager to pass on the costs of increased tariffs to consumers. Data released on Tuesday by the U.S. Bureau of Labor Statistics showed that the consumer price index, excluding the more volatile categories of food and energy, ( core CPI ) rose by 0.2% from March, while the CPI year-on-year growth rate fell to 2.3%, the lowest since February 2021, indicating further easing of inflationary pressures.

The CPI report highlights two potential dynamics in the economy. Categories of goods affected by higher tariffs, including new cars and clothing, have not experienced the kind of price increases that economists currently expect. This suggests that importers and retailers are absorbing some of the additional costs, and the imported products currently on sale arrived before the tariffs (, especially those targeting China, took effect.

Additionally, some softness in service categories such as travel and entertainment indicates that consumers are cutting back on leisure and other discretionary spending.

According to the CME FedWatch Index, investors currently expect the Federal Reserve to delay another rate cut until September, with only two rate cuts remaining this year. Federal Reserve Chairman Powell reiterated at last week's press conference that given the current low unemployment rate and stable demand, the Federal Reserve is willing to keep interest rates unchanged until they have a better understanding of the economic direction, as "the cost of waiting is relatively low."

ETH has risen nearly 50% in a week.

According to a post by Lookonchain, a London-based asset management company, Abraxas Capital, purchased nearly $500 million worth of ETH in less than a week.

Compared to the price increase of Bitcoin in recent months, the performance of Ethereum has been quite disappointing. Last week, after a significant upgrade on Pectra, ETH continued to rise, with a 7-day pump of nearly 50%, while Bitcoin only increased by 8% during the same period. However, ETH/BTC is still at a low of 0.0257.

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