CoinVoice recently learned that data released on Friday showed that the U.S. core PCE in August was lower than market expectations, up 2.2% year-on-year, close to the Fed's 2% target. The cooling of inflation has strengthened the market's expectations that the Fed will continue to cut interest rates in the coming months. The market expects the probability of a 50 basis point rate cut in November to rise from 49.3% to 54.1%.
According to 4E, the Dow Jones Industrial Average rose 0.59% last week, the S&P 500 rose 0.62%, and the Nasdaq rose 0.95%. All three major stock indexes recorded gains for the third consecutive week. Bitcoin rose nearly 4% last week, rising for three consecutive weeks, heading for its best September in history. With the expectation of continued interest rate cuts, the US dollar index fell for four consecutive weeks, wiping out all gains since mid-July. Spot gold hit a record high last week, up 1.38% and nearly 30% this year, due to interest rate cuts by major central banks such as China and the United States, and the continued tensions in the Middle East. It rose by 20%, exceeding the 20% increase in the S&P 500.
Inflation in Europe and the United States has fallen, and the pace of interest rate cuts by global central banks has accelerated, which will provide a strong impetus for the stock and crypto markets. eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. The US September non-farm data will be released this Friday. If it performs strongly, it will further promote the expectation of a 50 basis point interest rate cut in November. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably. [Original link]
