ecb digital currency Top Block

Macy's fell 8.2% before the market, and the company lowered its profit outlook after discovering accounting errors.Traders increased their bets on the Fed's interest rate cut. After the CPI report was released, swap traders increased their bets on the Fed's interest rate cut before the end of 2025. They now predict that by that time, they will cut interest rates by 87 basis points, which means that the Federal Reserve will cut interest rates by 25 basis points next week. In 2025, there will be another two interest rate cuts of 25 basis points each time, which is less than the four times proposed by Fed officials in the latest quarterly bitmap in September.After the US CPI was released, spot gold rose by $5 to $2,696.66 per ounce.

CEO of Wells Fargo: The situation of low-end consumers is even more difficult. Consumer credit is still very strong.S&P 500 and Nasdaq 100 index futures continued their pre-market gains after the data was released.The US CPI data is in line with expectations, and the euro zone bonds are basically flat.

Analyst Kaye: Consumer energy prices rose slightly month by month in November, but dropped by more than 3% compared with the same period last year. The prices of all kinds of gasoline dropped by more than 8% year-on-year. According to the data of the Automobile Club of the American Automobile Association, the average price of gas stations has been falling in recent weeks, approaching the threshold of $3 per gallon.German Chancellor Angela Scholz called for a vote of confidence to pave the way for the February 23rd election.MacKenzie, analyst: With the possibility of interest rate cut by the Federal Reserve in December, the yield of US Treasury bonds headed by two-year treasury bonds only slightly declined. Therefore, the market seems to be quite satisfied with the prospect of the Fed cutting interest rates again and then suspending it early next year.