Inflation Pressures Persist, Markets Rise Amid Uncertainty 📈
U.S. September #CPI and #PPI data showed inflation pressures persist, making a 25-basis-point Fed rate cut next month likely. Flat PPI data led U.S. stocks to rise, with the Dow, S&P 500, and Nasdaq all posting gains for the fifth consecutive week. Bitcoin followed, recovering to $62,659. In other markets, the U.S. dollar strengthened, oil prices rose amid Middle East tensions, and gold futures approached record highs.
This week, corporate earnings are in focus, while uncertainty looms from U.S. #election tensions and news of a possible U.S. government sale of 69,000 Bitcoin.
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