TechFlow news, May 14 — According to a QCP research report, the U.S. and Saudi Arabia signed a $600 billion trade agreement, shifting market sentiment toward risk appetite. U.S. stocks rebounded sharply, with the S&P 500 erasing its previous month's 17% decline and returning to flat year-to-date. U.S. CPI came in below expectations, easing inflation concerns, though the Federal Reserve remains cautious. Market expectations point to the first rate cut likely occurring in July or more probably in September, with projected rate cuts in 2025 reduced from four to two. The cryptocurrency market outperformed equities, with Bitcoin approaching its all-time high and Ethereum catching up in gains, pushing the ETH/BTC ratio to 0.025. Analysts anticipate further upside for digital assets as Coinbase is set to be included in the S&P 500 on May 19, an index inclusion that typically acts as a short-term catalyst.
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