According to CoinMeta, Themis Trading, a partner and co-head of equity trading, Joe Saluzzi, stated that U.S. inflation data exceeded expectations, and calls for a re-evaluation of market prospects are beginning to rise. A Federal Reserve governor previously hinted that if inflation data remains high, there could be a 50-basis-point interest rate hike before the end of the year. Saluzzi believes that a 50-basis-point hike is too substantial, but a 25-basis-point hike is still a possible option. He pointed out that current inflation data is indeed higher, proving the persistence of inflation. As long as interest rates and inflation remain high, they will continue to put pressure on businesses that rely on borrowing for financing, which may damage their profitability and ultimately be reflected in stock prices. He expects that if this situation persists, the stock market will face greater pressure.