why there are so many cryptocurrencies Top Overview

After the data was released, the market expected the Fed to cut interest rates in December. According to CME Group's data, the market expects the possibility that the Fed will cut by 25 basis points in December to rise to 96.2%, and the possibility of keeping the current interest rate unchanged is 3.8%. This shows that the market generally expects the Fed to cut interest rates at the interest rate meeting in December to cope with the current inflation situation and economic growth.

In addition, the US dollar index fell immediately after the data was released, but then turned red. As of press time, the US dollar index was about 106.57, up about 0.15%. The three major US stock indexes also opened slightly higher, with the Dow Jones Industrial Average up 0.25%, the Nasdaq up 0.81% and the S&P 500 up 0.52%.The year-on-year increase of CPI (Consumer Price Index) in the United States in November did rebound to 2.7%, which was in line with market expectations, and this figure was higher than 2.6% in October. This increase maintained the rebound trend of last month, indicating that inflationary pressure has increased. Specifically, the core CPI of the United States rose by 3.3% year-on-year in November, which was the same as the market expectation of 3.3%, and the previous value was 3.3%. On a month-on-month basis, the CPI of the United States rose by 0.3% in November, which was the same as the market expectation of 0.3%, and the previous value was 0.2%; The core CPI rose by 0.3% month-on-month, which was the same as the market expectation of 0.3%, and the previous value was 0.3%.

After the data was released, the market expected the Fed to cut interest rates in December. According to CME Group's data, the market expects the possibility that the Fed will cut by 25 basis points in December to rise to 96.2%, and the possibility of keeping the current interest rate unchanged is 3.8%. This shows that the market generally expects the Fed to cut interest rates at the interest rate meeting in December to cope with the current inflation situation and economic growth.Affected by this news, the Nasdaq opened higher and walked higher. Just now, the Nasdaq rose by 1.28%, hitting another record high, and it was bullish. The content is for reference only, does not constitute investment advice, likes and pays attention, and never gets lost.