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US CPI inflation data landed right on target Thursday, cementing expectations of a Federal Reserve rate cut next week and triggering a modest dip in crypto prices. The Consumer Price Index (CPI) rose 2.9% year-on-year in August, in line with forecasts, while core CPI (excluding volatile food and energy prices) advanced 0.4% from July, slightly above estimates , data from the Bureau of Labor Statistics showed.  Polymarket bettors quickly priced in a September rate cut, with odds of a 25 basis point cut surging from 79% before the data to as high as 91%, before falling back to near 84%. Polymarket September rate cut contract (Source: Polymarket ) Conversely, odds of 50 bps rate cut plummeted from 18.9% to 9.1% before rising to 14%. A soft jobs report on Friday and Wednesday’s weak PPI numbers had boosted bets on a bumper rate cut this month. The CME FedWatch tool also reflects near-unanimous expectations, with analysts assigning a 90.8% chance the Fed trims rates by ...

The de-dollarization movement has found a substantial foothold over the last decade. The US dollar is still the dominant global currency. Despite its dominance, the dollar has lost significant lustre in recent times. Let’s look at a few factors that could further accelerate the movement away from the greenback. 3 Things Accelerating De-Dollarization Source: Shutterstock The first thing that may cause countries to ditch the US dollar at a faster rate is the rising US debt. Japan and China have been the largest holders of US debt over the last two decades. In May 2025, the US debt exceeded the $36 trillion mark. Experts have pointed out the dangers posed by the increased US debt. During an interview with Joe Rogan on a podcast, Elon Musk said that focusing on managing the US debt must be a priority. Larry Fink, the CEO of BlackRock, has also raised worry over increasing debt in the US. In a letter addressed to the shareholders, Fink said that the US dollar might not continue being t...