【4E: CPI in Line with Expectations, Easing Market Concerns of Rate Cut Pace Slowing】 November 14th. 4E's latest market analysis shows that the US October CPI data released last night met market expectations, causing little disturbance in the market. However, the data performance has increased market confidence in the Fed's rate cut next month. The probability of a 25 basis point rate cut in December is expected to have increased from around 58% earlier on Wednesday to about 80%.According to 4E's monitoring, the US stock market's upward trend was shaky on Wednesday, with the three major indices collectively turning lower in early trading, then rebounding and rising again. Towards the end of the session, the gains narrowed significantly, with the Nasdaq closing lower, the S&P 500 inching up by 0.02%, the Dow rising by 0.11%, and the Nasdaq falling by 0.26%. The "Big Tech Seven" showed mixed movements, and most cryptocurrency-related stocks retreated.After a brief pullback, the crypto market regained momentum. Bitcoin broke through the key level of $90,000 last night, reaching a high of $93,265, setting a new all-time high before pulling back. At the time of writing, it was trading at $89,586. Bitcoin's market cap has now surpassed Saudi Aramco, becoming the world's seventh-largest asset. Meme coins continued to surge, leading various sectors and attracting investors' attention.In the forex and commodities market, following the CPI release, the US Dollar Index initially fell then rose, reaching a 13-month high since October last year, putting pressure on other currencies, with the offshore Chinese yuan breaching 7.25 yuan. Oil prices rebounded on Wednesday, closing up by over 0.45% but still hovering near a two-week low. The US dollar and bond yields rose, weighing on gold prices, which fell for the fourth consecutive trading day, hitting a nearly two-month low.The in-line CPI data increased the probability of another Fed rate cut in December and to some extent helped alleviate market concerns about inflation prospects following Trump's election victory. Currently, the market is focusing on Thursday's PPI and weekly initial jobless claims, Friday's retail sales data, as well as speeches from Fed Chair Powell and other Fed officials.4E is a financial trading platform that supports assets such as cryptocurrency, stock indices, bulk gold, and forex. It recently launched a USDT stablecoin financial product with an annualized return rate of 5.5% to provide investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate assets reasonably.