CoinVoice recently learned that Thursday's CPI report showed that the US CPI in September exceeded expectations across the board, and the process of inflation decline was hindered. Another data showed that the number of initial jobless claims in the United States last week rose to the highest level in more than a year. The market pays more attention to the impact of the slowdown in the labor market. Traders bet that the probability of a 25 basis point rate cut in November has risen to 83.3%, and the probability of a pause in the rate cut is 16.7%.
According to 4E monitoring, after the data was released, U.S. stocks opened lower, tried to turn up at noon, and then closed down again. The Dow Jones Industrial Average closed down 0.14%, the S&P 500 fell 0.21%, and the Nasdaq fell 0.05%. Most of the crypto markets fell, and Bitcoin once again lost the $60,000 mark, with a price of $60,533 as of press time. Non-U.S. currencies rose and fell, and expectations for a 25 basis point rate cut increased, with the U.S. dollar index falling slightly; oil prices were affected by tensions in the Middle East and Hurricane Milton, bidding farewell to two days of consecutive declines and rising by more than 3.5%; expectations of rate cuts supported gold prices, with spot gold rising by more than 0.9% during the session, bidding farewell to six consecutive days of declines, and spot silver rising by more than 2.2%, bidding farewell to three consecutive days of declines.
The unexpected increase in CPI in September has intensified the market discussion on whether the Fed will suspend interest rate cuts. However, the Fed officials' statements show that employment is the dominant factor in the current policy, and the employment data in October will be the key to determining the pace and extent of the Fed's easing. eeee.com is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets. It recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably. [Original link]