Copy
Share

【4E: CPI Is Fully In Line With Expectations, Alleviating Market Concerns About The Slowdown In The Pace Of Interest Rate Cuts】The US October CPI Data Released Last Night Was Fully In Line With Market Expectations And Did Not Cause Much Ripples In The Market. However, The Performance Of The Data Has Increased The Market's Confidence That The Federal Reserve Will Cut Interest Rates Again Next Month. It Is Expected That The Probability Of A 25 Basis Point Rate Cut In December Has Increased From About 58% Earlier On Wednesday To About 80%. According To 4E Monitoring, The US Stock Market's Rally Was Shaken On Wednesday. The Three Major Indexes Collectively Fell At The Beginning Of The Session, And Then Turned To Rise Again. At The End Of The Session, The Gains Narrowed Significantly And The Nasdaq Closed Down. The S&P 500 Rose Slightly By 0.02%, The Dow Jones Closed Up 0.11%, And The Nasdaq Fell 0.26%. The "Seven Sisters Of Technology" Rose And Fell Differently, And Most Cryptocurrency Concept Stocks Fell. The Crypto Market Regained Momentum After A Brief Correction. Bitcoin Broke Through The Important Mark Of $90,000 Last Night, With A High Of $93,265, Setting A New Record High Before Falling Back To $89,586 As Of Press Time. At Present, The Market Value Of Bitcoin Has Surpassed Saudi Aramco And Become The Seventh Largest Asset In The World. The Meme Coin Continues To Rise, Leading All Major Sectors And Becoming The Focus Of Investors. In Terms Of Foreign Exchange, After The Release Of CPI, The US Dollar Index Fell First And Then Rose, Rising To A 13-month High Since October Last Year, Putting Pressure On Other Currencies, And The Offshore RMB Fell Below 7.25 Yuan. Oil Prices Rebounded On Wednesday And Closed Up More Than 0.45%, Hovering At A Two-week Low. The Rise In The US Dollar And US Treasury Yields Put Pressure On Gold Prices To Fall For The Fourth Consecutive Trading Day, Hitting A Nearly Two-month Low. The CPI Data, Which Was Consistent With Expectations, Increased The Probability Of The Federal Reserve Cutting Interest Rates Again In December, And To Some Extent Helped To Calm Market Concerns About The Inflation Outlook After Trump's Victory. At Present, The Market Is Focusing On Thursday's PPI And Weekly Initial Jobless Claims, Friday's Retail Sales Data, And The Remarks Of Federal Reserve Chairman Powell And Other Federal Reserve Officials. Eeee.com Is A Financial Trading Platform That Supports Assets Such As Cryptocurrencies, Stock Indices, Bulk Gold, And Foreign Exchange. It Recently Launched A USDT Stablecoin Wealth Management Product With An Annualized Yield Of 5.5%, Providing Investors With A Potential Hedging Option. 4E Reminds You To Pay Attention To Market Volatility Risks And Allocate Assets Rationally

View More

No data