Today's News:
After the release of the US CPI, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged until December is 2.3%, while the cumulative probability of a 25 basis point rate cut is 97.7%.
According to analysis from Caixin, aside from the favorable data, Trump's latest appointment is also a reason for the surge in technology stocks. Trump stated on Wednesday that he will appoint Andrew Ferguson to lead the Federal Trade Commission (FTC), replacing current chair Lina Khan, who is known for blocking acquisitions by large tech companies.
