The United States announced last night that the November CPI (Consumer Price Index) results showed a year-on-year increase of 2.7%, slightly higher than the previous value of 2.6% and in line with market expectations. This data provides a solid foundation for the Federal Reserve's decision to cut interest rates in December.
Goldman Sachs analyst Whitney Watson stated:
"Today's CPI data clears the way for next week's interest rate cut. After today's data release, the Federal Reserve will enter its quiet period, and they remain confident in the anti-inflation process. We believe that in the new year, the Federal Reserve will continue to gradually ease monetary policy."
According to data from FedWatch, the probability of a rate cut in December has reached 98.4%.
In response to this news, the Nasdaq Composite Index surged over 300 points, ultimately closing up 1.77%, marking its first time above 20,000 dollars.
Meanwhile, Bitcoin has also rebounded from its sluggish trend over the past two days, rising 4.11% in a single day and reclaiming the 100,000 dollar mark. In the past 24 hours, approximately 150 million dollars worth of short positions were liquidated across the network.
All concept sectors have also risen across the board, with AI, DeFi, and GameFi showing the most remarkable gains.
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