This week's overall inflation rate CPI fell to 2.5%, close to the Federal Reserve's target of 2%. With the increase in bets on a 50 basis point interest rate cut by the Federal Reserve next week, the Nasdaq index opened up 0.6% pumping, and Spot gold continued to rise on the basis of a nearly 2% surge overnight, reaching $2580 per ounce, hitting a new historical high. COMEX gold rose more than 1% intraday and broke through $2600 per ounce.


The Federal Reserve is expected to announce its first interest rate cut in four years after the end of next week's meeting. The bet of a 50 basis point rate cut has risen from 28% yesterday to 43%. #BTC
BTC0.66%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin