The inflation data from the Federal Reserve was released today, with inflation in April at 3.5%, higher than expected. This means that the possibility of a rate cut during the June Federal Reserve meeting has significantly dropped.

As a professional translator, I am well-versed in blockchain terminology and have in-depth knowledge of Gate.io product names. I have translated the text from Chinese Simplified to English. Here is the translated text: "Affected by this data, the overall market fell today!"
It seems that interest rate cuts are a long way off and are likely to come only when the general election arrives at the end of the year!