According to ChainCatcher's report, data shows that the US CPI rose faster year-on-year and month-on-month in November, with the core CPI's year-on-year and month-on-month increases remaining flat compared to October, all of which fully met expectations, and the market has already priced in the almost certainty of a 25-basis-point rate cut by the Fed in December.
According to 4E's monitoring, the three major US stock indexes had mixed performances on Wednesday, with the Dow Jones falling 0.22%, the S&P 500 rising 0.82%, and the tech-heavy Nasdaq surging 1.77% to a new all-time high, breaking above the 20,000-point mark for the first time. Among the big tech stocks, Tesla jumped nearly 6%, leading the tech giants like Google, Meta, and Amazon to new highs, and Tesla's six-day winning streak has also made Musk the world's first person with a net worth exceeding $400 billion. Cryptocurrency concept stocks collectively soared, with MicroStrategy up over 9% and Coinbase up nearly 4%.
Affected by the US CPI data meeting expectations, the cryptocurrency market has generally rebounded and risen. Bitcoin has risen 4.5% to regain the $10,000 level, Ethereum has broken through $3,800, and Altcoins have collectively rebounded strongly, generally returning to their pre-decline levels. Data shows that the US Bitcoin spot ETF saw a net inflow of $223 million yesterday, and over 9.7 billion USDT have flowed into CEX from Tether in the past 24 hours, indicating active market trading and a bullish sentiment.
In the foreign exchange and commodity markets, the US dollar has had a V-shaped rebound, rising for four consecutive days to a new two-week high, while non-US currencies have generally fallen; the expectation of rate cuts has boosted gold prices, with spot gold rising 0.9% to test $1,720, a new five-week high; with US crude oil inventories declining more than expected last week and global demand expected to rebound, oil prices have continued to strengthen.
With the release of non-farm payrolls and CPI data, the Fed's rate cut next week is now a foregone conclusion, but given that the data itself has risen compared to the previous values, it has to some extent compressed the Fed's room for rate cuts next year, and the market expects a lower probability of a rate cut in January 2023. eeee.com is a financial trading platform that supports cryptocurrencies, stock indexes, precious metals, and foreign exchange, and has 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 reasonably.
