Odaily Planet Daily News: Although the US inflation rate has dropped to the lowest level in three years, even if investors are pinning their hopes on the Federal Reserve's possible interest rate cut, financial markets have not yet reacted. The crypto market, in particular, was largely unaffected by the news, and Bitcoin and other currencies quickly resumed their gains after a brief decline. The cryptocurrency market's cold reaction to the inflation report is partly due to investors' growing interest in the bond market and the brewing storm of the US presidential election. Harris's strong performance in the recent debate has rekindled the Democratic Party's hopes of winning the White House election, which is seen as a possible harbinger of dovish monetary policy. On the contrary, if Trump wins re-election, it may increase government spending and put upward pressure on interest rates. U.S. Treasury yields have borne the brunt of the change in investor thinking, and this sudden shift in market sentiment indicates that investors' attitudes have changed dramatically, exacerbating pessimism about the economy and widespread expectations of lower borrowing costs. Market observers say caution is still the dominant sentiment in the market. Investors are restraining themselves and choosing to wait for clearer signals before re-adjusting their portfolios. (Jinshi)

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