BTC $82,996.61 +0.78%
ETH $2,506.38 +1.15%
BNB $750.47 +1.56%
XRP $1.41 +1.44%
SOL $110.30 +1.37%
TRX $0.3307 -0.35%
DOGE $0.0859 +1.59%
ADA $0.2535 +6.99%
BCH $281.67 +2.56%
LINK $13.10 +2.63%
HYPE $85.21 +2.06%
AAVE $170.40 +2.17%
SUI $1.12 +6.31%
XLM $0.1970 +2.47%
ZEC $1,224.57 +1.56%
AAPL $336.31 -0.02%
AMZN $262.42 -0.06%
GOOGL $351.52 -0.18%
MSFT $534.72 -0.17%
META $719.57 +0.15%
NVDA $230.55 +0.37%
TSLA $382.56 -0.07%
SNDK $1,596.07 +0.93%
INTC $105.12 +0.41%
SPCX $163.68 +0.47%
MU $1,036.77 +0.74%
AMD $609.91 +0.33%
BTC $82,996.61 +0.78%
ETH $2,506.38 +1.15%
BNB $750.47 +1.56%
XRP $1.41 +1.44%
SOL $110.30 +1.37%
TRX $0.3307 -0.35%
DOGE $0.0859 +1.59%
ADA $0.2535 +6.99%
BCH $281.67 +2.56%
LINK $13.10 +2.63%
HYPE $85.21 +2.06%
AAVE $170.40 +2.17%
SUI $1.12 +6.31%
XLM $0.1970 +2.47%
ZEC $1,224.57 +1.56%
AAPL $336.31 -0.02%
AMZN $262.42 -0.06%
GOOGL $351.52 -0.18%
MSFT $534.72 -0.17%
META $719.57 +0.15%
NVDA $230.55 +0.37%
TSLA $382.56 -0.07%
SNDK $1,596.07 +0.93%
INTC $105.12 +0.41%
SPCX $163.68 +0.47%
MU $1,036.77 +0.74%
AMD $609.91 +0.33%

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4E Exchange: US CPI declines for five consecutive months, but core inflation remains stubborn, expectations for interest rate cuts are hit

ChainCatcher news, according to 4E Exchange observation, the year-on-year growth rate of the U.S. CPI in August fell to 2.5%, marking a decline for the fifth consecutive month, but the core CPI rose 0.3% month-on-month, exceeding expectations. The market has lowered its expectations for a 50 basis point rate cut by the Federal Reserve next week, with the likelihood of a 25 basis point cut rising to 85%.After the data was released, U.S. stocks experienced a V-shaped rebound following an initial drop at the open, with all three major indices closing higher. The Dow Jones increased slightly by 0.31%, the Nasdaq rose by 2.17%, and the S&P 500 index gained 1.07%. Tech stocks led the rebound, with Nvidia rising over 8%. In the foreign exchange and commodities markets, the U.S. dollar index surged, putting pressure on non-U.S. currencies, while gold experienced significant volatility.CPI data indicates that the Federal Reserve is approaching its 2% target, a change that will support future rate cuts, benefiting risk assets and supporting the long-term rise of U.S. stocks and cryptocurrency assets like Bitcoin. However, the Fed's focus on core inflation may lead to a more cautious monetary policy, limiting the short-term upside potential for the market.4E Exchange is a financial trading platform supporting assets such as cryptocurrencies, stock indices, commodity gold, and foreign exchange, and is a platinum sponsor for Token2049 in 2024. 4E reminds you to be aware of market volatility risks and to allocate assets wisely.
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