Bauer said there was no rush to cut interest rates. Bitcoin once fell to $86,600, and U.S. stocks collapsed. October PPI showed that inflation is still sticky.

The U.S. October PPI data came out last night, showing that control of inflation was hindered. The reaction of U.S. stocks was not violent, but Bitcoin fell below the $89,000 mark. (Preliminary summary: Bitcoin failed to challenge 90,000 and fell below 88,000 magnesium. Former Fed hawk: The number of interest rate cuts may decrease after Trump takes office, and U.S. stocks will fall) (Background supplement: The former U.S. Treasury Secretary warned: If Trump fulfills his pre-election promise, the United States will suffer "a more severe inflationary shock than 2021") US Federal Reserve Chairman Jerome Powell released hawkish remarks at an event in Dallas early this morning (15th) Taiwan time , he said that the recent performance of the U.S. economy has been very good, giving the central bank room to cautiously cut interest rates. When it is close to the so-called neutral interest rate level, if economic data allows, it is wise to slowly cut interest rates. The economy is not sending any signals that it is urgent to cut interest rates, and better economic conditions allow us to exercise caution in decision-making. The emergence of hawkish signals, coupled with the subsidence of the post-election market, caused both Bitcoin and the four major U.S. stock indexes to all fall earlier. Bitcoin once fell below $87,000. Bitcoin first fell rapidly after the U.S. stock market opened last night, and then fell again after Bauer’s speech at around 4 a.m., reaching the lowest level of $86,666 around 7:30 earlier, nearly 24 It fell 2.76% during the hour. The market expects that the probability that the Federal Reserve will cut interest rates by 1% in December has dropped to 58%. On the other hand, the Bureau of Labor Statistics also released data yesterday (14th) night showing that the U.S. PPI rose by 0.2% in October, and the previous value was revised up from 0% to 1%, although in line with expectations, the PPI index in October was still higher than that in September; the PPI in October rose to 2.4% year-on-year, higher than the previous market estimate of 2.3%, and even exceeded the 1.8% increase in September. At the same time, the core PPI, which excludes food and energy, rose 0.3% from September, higher than the 0.2% increase in September and higher than the market's previous expectations; the annual increase was 3.1%, higher than the 3.0% estimate and 9 2.8% of the month. The U.S. PPI data for October showed that U.S. inflation is still sticky, so the market believes that the Federal Reserve (Fed) will take a more cautious approach in subsequent interest rate decisions. At the time of writing, according to the CME Group's Fed Watch tool, the market expects the probability that the Fed will cut interest rates by 1% in December, up from 82 the previous day.5% fell sharply to 58.9%, and the probability that current interest rates will be maintained rose to 41.1%. The four major U.S. stock indexes all fell. The four major U.S. stock indexes also fell last night: the Dow Jones Industrial Average fell 207.33 points, or 0.47%, to close at 43750.86 points. The S&P 500 Index fell 36.21 points, or 0.61%, to close at 5949.17 points. The Philadelphia Semiconductor Index fell 123.07 points or 0.64% to close at 19107.65 points. The Philadelphia Semiconductor Index fell slightly by 1.70 points or 0.03% to close at 5004.59 points. Wall Street analysts: The panic index shows that US stocks will still maintain healthy levels before the end of the year. After Trump won the election, US stocks continued to rise. , but as the value of the U.S. stock market gets higher and higher, many investors are beginning to worry, is the bubble on the verge of bursting? In this regard, Nicholas Colas, founder of DataTrek Research, a Wall Street research institution, recently stated that he expects the panic index (VIX), which measures market bubbles, to still maintain a healthy level by the end of the year: The panic index can provide traders with guidance on the health of the market. , although the U.S. stock indexes closed at all-time highs on Monday, the panic index is still in a healthy state, and may remain at a healthy level before the end of this year. However, Karen Karniol-Tambour, chief investment officer of Bridgewater, the largest hedge fund in the United States, recently reminded investors that although there is still room for growth in U.S. stocks, the current level of exposure is no longer suitable for continued buying: You What cannot be ignored is that people's exposure to the stock market today is very different from usual, and the risk now is considered very high. Trump's victory is indeed beneficial to growth to some extent, but it should also be noted that Trump may also bring about a rebound in inflation. Although the outlook for the stock market is still optimistic, you must learn to diversify your investments. Related reports Glassnode warns: Bitcoin may see a profit-taking correction within 10 days as it enters the “euphoria phase” and the three major U.S. stock indexes hit new highs! Coinbase surges 20%, Tether pre-mints 2 billion USDT Bitcoin falls back after breaking through $68,000, where is the support level? Financial stocks led the rise, and U.S. stocks rose together. "Ball said there is no rush to cut interest rates. Bitcoin once fell to $86,600, and U.S. stocks fell. October PPI showed that inflation is still sticky." This article was first published on BlockTempo (Mobile Zone) District Trend - the most influential blockchain news media).