Breaking news! The U.S. November CPI year-on-year remained steady at 3.3%, right on target! Meanwhile, the Bank of Canada made a significant move by cutting rates by 50 basis points, bringing the policy rate down to 3.25%. The European Central Bank also joined in, reducing three key rates by 25 basis points!
But over in the U.S., the unadjusted core CPI year-on-year for November also stayed at 3.3%, which is just rock solid. Even more astonishing is that the number of initial jobless claims surged to 242,000 for the week of December 7, far exceeding the expected 220,000; the unemployment rate has truly skyrocketed!
This week's highlights are nothing short of overwhelming: on December 19, the Federal Reserve and the Bank of England will make interest rate decisions, and the Bank of Japan will also announce its rate decision, ensuring you won't be bored! Following that, on December 20, the core PCE price index year-on-year for November will be revealed; get ready for the impact of the economic tide!
Moreover, with signs of loosening global economies and increased liquidity, the cryptocurrency market is sure to see an explosive rise! Get ready for the wave of digital wealth!$BTC 