cryptocurrency and banks- Top Knowledge

Very good, the US CPI rebounded by 2.7%, the interest rate cut is expected to increase, and the Nasdaq hit a record high, celebrating the whole world and stabilizing tomorrow?After the data was released, the market expected the Fed to cut interest rates in December. According to CME Group's data, the market expects the possibility that the Fed will cut by 25 basis points in December to rise to 96.2%, and the possibility of keeping the current interest rate unchanged is 3.8%. This shows that the market generally expects the Fed to cut interest rates at the interest rate meeting in December to cope with the current inflation situation and economic growth.

The year-on-year increase of CPI (Consumer Price Index) in the United States in November did rebound to 2.7%, which was in line with market expectations, and this figure was higher than 2.6% in October. This increase maintained the rebound trend of last month, indicating that inflationary pressure has increased. Specifically, the core CPI of the United States rose by 3.3% year-on-year in November, which was the same as the market expectation of 3.3%, and the previous value was 3.3%. On a month-on-month basis, the CPI of the United States rose by 0.3% in November, which was the same as the market expectation of 0.3%, and the previous value was 0.2%; The core CPI rose by 0.3% month-on-month, which was the same as the market expectation of 0.3%, and the previous value was 0.3%.After the data was released, the market expected the Fed to cut interest rates in December. According to CME Group's data, the market expects the possibility that the Fed will cut by 25 basis points in December to rise to 96.2%, and the possibility of keeping the current interest rate unchanged is 3.8%. This shows that the market generally expects the Fed to cut interest rates at the interest rate meeting in December to cope with the current inflation situation and economic growth.