BTC $82,913.56 +0.53%
ETH $2,503.36 +0.64%
BNB $747.59 +0.66%
XRP $1.40 -0.12%
SOL $109.87 +0.46%
TRX $0.3303 -0.19%
DOGE $0.0856 -0.16%
ADA $0.2477 +1.11%
BCH $278.58 +0.47%
LINK $12.97 +1.27%
HYPE $85.28 +1.14%
AAVE $168.04 -0.11%
SUI $1.10 +2.99%
XLM $0.1958 +0.39%
ZEC $1,221.51 +0.65%
AAPL $336.41 +0.02%
AMZN $262.38 -0.05%
GOOGL $351.33 -0.16%
MSFT $535.20 -0.03%
META $719.47 +0.19%
NVDA $230.42 +0.07%
TSLA $382.29 -0.19%
SNDK $1,596.22 +0.32%
INTC $105.01 +0.08%
SPCX $163.86 +0.50%
MU $1,035.50 +0.39%
AMD $609.88 +0.06%
BTC $82,913.56 +0.53%
ETH $2,503.36 +0.64%
BNB $747.59 +0.66%
XRP $1.40 -0.12%
SOL $109.87 +0.46%
TRX $0.3303 -0.19%
DOGE $0.0856 -0.16%
ADA $0.2477 +1.11%
BCH $278.58 +0.47%
LINK $12.97 +1.27%
HYPE $85.28 +1.14%
AAVE $168.04 -0.11%
SUI $1.10 +2.99%
XLM $0.1958 +0.39%
ZEC $1,221.51 +0.65%
AAPL $336.41 +0.02%
AMZN $262.38 -0.05%
GOOGL $351.33 -0.16%
MSFT $535.20 -0.03%
META $719.47 +0.19%
NVDA $230.42 +0.07%
TSLA $382.29 -0.19%
SNDK $1,596.22 +0.32%
INTC $105.01 +0.08%
SPCX $163.86 +0.50%
MU $1,035.50 +0.39%
AMD $609.88 +0.06%

bbo

Tất cả
Bài viết
Tin nhanh

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.
app_icon
ChainCatcher Building the Web3 world with innovations.