Dollar Index Outlook: Do the current data raise doubts about interest rate cuts for 2024?
The U.S. Dollar Index is influenced by strong economic data and mixed signals from the Federal Reserve, impacting investor expectations for monetary easing. [ more ]
Stocks Rally as Inflation Report Cements View the Fed Is Done With Raising Rates
Stocks soared after an inflation reading raised hopes that the Fed's campaign to slow inflation may have reached its limits.
The S&P 500 rose roughly 2 percent, reflecting expectations that the Fed may not need to raise interest rates again.
The government reported that the overall Consumer Price Index slowed to 3.2 percent last month, lower than the September reading of 3.7 percent. [ more ]
Grayscale Discount Continues to Narrow as Spot Bitcoin, Ether ETF Euphoria Works Through Markets
Bitcoin and ether are trading steady in Asia, supported by narrowing discounts on Grayscale Bitcoin Trust and anticipation for the approval of spot bitcoin and ether ETFs.
Market optimism is high, with investor inflows surpassing $1 billion this year.
U.S. economic data and Federal Reserve communications are expected to influence crypto market trends. [ more ]