types of cryptocurrency to invest in, Overview

The good news last night was that the CPI of the United States increased by 2.7% year-on-year in November, which was indeed in line with market expectations.In addition, the US dollar index fell by about 0.15% after the data was released, while the three major US stock indexes opened slightly higher. The Dow Jones Industrial Average rose by 0.25%, the Nasdaq index rose by 0.81%, and the S&P 500 index rose by 0.52%. Wall Street generally believes that the inflation data is in line with expectations, and the market gains more certainty, which helps to reduce the uncertainty of the future monetary policy path. Therefore, it can be considered that the inflation data in line with expectations provides stability for the market and strengthens the market's expectation of the Fed's interest rate cut in December.

The good news last night was that the CPI of the United States increased by 2.7% year-on-year in November, which was indeed in line with market expectations.There will be no big waves in these two days. When the meeting is announced, I think that at present, it is still necessary to hold shares, and the index is stable. It is not ruled out that it will be pulled back after falling below the five-day line. Of course, if it rises too much, it will be shot down. Except for small and medium-sized stocks whose institutions have no share capital or have lost their share capital, the sector is hot and will continue to rotate. At present, hot money is in various hot-topic stocks of science and technology. As for the stocks that institutions get together, there is a high probability that the index will slow down.The release of this data had a significant impact on the market, and traders increased their bets on the Fed's interest rate cut in December. According to the statistics of the FedWatch tool of CME of Chicago Mercantile Exchange, after the release of CPI, the futures market thinks that the probability of the Fed cutting interest rates by 25 basis points next week is as high as 95%, which is higher than 89% a day ago.

The good news last night was that the CPI of the United States increased by 2.7% year-on-year in November, which was indeed in line with market expectations.