ChainCatcher news, although the US inflation rate has dropped to the lowest level in three years, even if investors are looking forward to the Fed's possible interest rate cut, the financial market has not yet reacted. In particular, the crypto market has been largely unaffected by the news, and Bitcoin and other currencies have quickly resumed their gains after a brief decline. The cryptocurrency market reacted coldly to the inflation report, partly due to investors' growing interest in the bond market and the brewing storm of the US presidential election.
Harris' strong performance in the recent debates has rekindled hopes of a Democratic win in the White House, which is seen as a possible harbinger of dovish monetary policy. Conversely, if Trump wins reelection, it could increase government spending and put upward pressure on interest rates. Treasury yields have borne the brunt of the change in investor thinking, and this sudden shift in sentiment suggests a dramatic change in investor attitudes, fueling pessimism about the economy and widespread expectations of lower borrowing costs.
Market observers said that caution is still the dominant sentiment in the market. Investors are restraining themselves and choosing to wait for clearer signals before rebalancing their portfolios. (Jinshi)