[Introduction] "Crazy"
China Fund Reporter Taylor
Brothers and sisters, continue to pay attention to the performance of overseas market tonight.
Witnessing history again, Bitcoin exceeds $ 90,000
Beijing time 13th night at night on the 13th night of the night of the 13th Beijing timeThe price of Bitcoin has skyrocketed, and the rise is constantly. It has exceeded the three barriers of $ 90,000, 91,000, and 92,000 US dollars, renewing a record high in history, rising 5%within the day.
Traders are evaluating Trumps continuous impact on the cryptocurrency market.
After Trump won the election on November 5, Bitcoin rose more than 30%. Trump promised to create a friendly cryptocurrency supervision framework to set up strategic BitcoinReserve and make the United States the global center of the industry.Trump, who was suspected of cryptocurrency, had changed his position after a large number of digital asset companies invested funds to propagate its interests.
His position has triggered optimism in the cryptocurrency market, pushing market value to a historical high.
Ig Australia Pty market analyst Tony Sycamore wrote in a report, "Although we do not rule out the possibility of further rising, many good news has been included in the market price in the market price in the price price in the market price."" ".
One of the most powerful cryptocurrencies in the recent performance is dog coins, which is a tokens promoted by billionaire Elon Musk.This Shiba Inu theme cryptocurrency, referred to as Doge for short, has risen by about 80%in the past five days.
Before the election, Musk hinted that he might lead a government efficiency department (its abbreviations applied to cryptocurrencies).On Tuesday, Trump announced the establishment of the department to cut waste expenses and said that Musk would be the head of the department.As soon as this statement came out, the dog coins rose.
U.S. inflation data is released
The latest CPI data was announced.In October, inflation is still strong, highlighting the continuous risks facing Fed officials in the process of fully controlling price pressure.
The Labor Statistics Bureau reported on Wednesday that the inflation rose slightly in October and basically met Wall Streets expectations.
Consumer Price Index (CPI) measures the cost of a series of goods and services, which rose 0.2%in the same month.This pushed the 12 -month inflation rate to 2.6%, which was 0.2 percentage points higher than September.
After removing food and energy, the increase in the core CPI is even more significant.The core CPI has accelerated by 0.3%in the month, with an annual rate of 3.3%, which is also in line with forecast.
Economists believe that the core inflation rate is a better inflation trend indicator than the overall CPI.The overall CPI rose by 0.2%for the fourth consecutive month, an increase of 2.6%compared with the same period last year, and accelerated the first year since March.
Although inflation in other fields shows signs of slowing down, housing prices are still the main contributions to CPI rising.The housing index accounted for about one -third of the overall index, and rose 0.4%again in October, twice the increase in September, with an annual growth rate of 4.9%.According to data from the Bureau of Labor Statistics, this category accounts for more than half of all CPI gains.
These data make the inflation further away from the 2%target of the Fed, which may make the central banks future monetary policy strategy more complicated, especially in January of next year, Trump takes over the White House situation next JanuaryDown.
The latest data and strong consumer expenditure and economic growth will promote Fed officials to discuss how to reduce borrowing costs more cautiously in the next few months.Despite the cooling of the labor market, inflation falling is a key basis for policy makers to decide to cut interest rates.
Economist Sarah House and Michael Pugliese of Wells Wells said in the report, "" inflation data in the past few months has not shown too much of the progress. The results of the election results for future price growthThe path of the path raises new questions. Therefore, we believe that the Feds Open Market Committee will soon suggest that the pace of interest rate cuts will slow down, which may be reduced from a meeting from 2025. "
The Fed will also face a series of new policies brought by Trump. Many companies are considering raising prices to deal with higher tariffs on imported goods.After the 25 -basis points cut at the interest rates last week, Chairman Powell said that the election results "did not affect" decision -making in the short term because it is difficult to determine the specific time and content of potential fiscal policy changes.
Alan Centerner, chief economic strategist at Morgan Stanley Wealth Management Company, said, "CPI data has not surprised, so the Fed should continue to cut interest rates in December.However, the situation will be different next year, especially under the uncertainty of potential tariffs and other Trump government policies, the market has been considering that the Fed may be less interest rate cuts in 2025 than before, or even in January, it may be pressed in January.Pass the keys. "
Trump plans to implement more tariffs and government expenditures, which may promote economic growth and exacerbate inflation problems.Although inflation has fallen from the peak of 2022, it is still a serious problem for American families.
Therefore, in recent days, traders have reduced their expectations for the Federal Reserves future interest rate cut.The Federal Reserve has lowered the key borrowing interest rate of 75 basis points, which was expected to reduce interest rates further.
However, now the trader is expected to cut interest rates by only 75 basis points by the Fed by the end of 2025, which is about 50 basis points less than before the election.
In terms of US stocks, the three major indexes have risen.
