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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
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Russia's Savings Bank, TBank, and Tochka Bank join the digital ruble pilot
Golden Finance reported that Sberbank, TBank, and Tochka Bank of the Russian Federation have become participants in the pilot program using digital ruble for transactions. Previously, a total of 12 Financial Institutions participated in the pilot: Alfa-Bank, DOM.RF Bank, Ingosstrakh Bank, VTB, Gazprombank, Ak Bars Bank, MTS Bank, Promsvyazbank, Sovcombank, Sinara Bank, TKB Bank, and Russian Agricultural Bank. They have signed a protocol with the Central Bank of Russia and are configuring the system to participate in the project. It is expected that the widespread use of digital ruble will gradually begin from July 1, 2025.