August core CPI rose 0.3% month-on-month, slightly exceeding the market’s 0.2% forecast. This thoroughly overturned the remaining rate-hike support logic in the market and drove a rapid adjustment to trading rhythms across global capital markets. The modest uptick in inflation does not indicate runaway inflation, but rather reflects short-term resilience, directly ending the market’s expectations of ongoing rate hikes.
The bond market reacted first. After surging earlier, U.S. Treasury yields quickly fell back. As tightening expectations cooled, bond prices stabilized and rebounded, and concerns about market liquidity were significantly alleviated. With the dollar index losing its support from rate-hike optimism, it ended its choppy upward trend and weakened under short-term pressure.
The equity market entered a repair window. The key negative factor pressuring stocks faded, risk appetite rebounded quickly, and growth-oriented assets saw especially strong rebounds. Commodities recovered in tandem; gold broke free from the short-term downside effects caused by the inflation data and swiftly regained lost ground.
Overall, the market has officially moved past the “rate-hike debate” phase and entered a new trading cycle characterized by high-inflation resilience without continued sustained rate hikes. Valuations across asset classes now have an opportunity for a mild recovery.#BTC走势分析 #ETH走势分析 #BNB走势
The bond market reacted first. After surging earlier, U.S. Treasury yields quickly fell back. As tightening expectations cooled, bond prices stabilized and rebounded, and concerns about market liquidity were significantly alleviated. With the dollar index losing its support from rate-hike optimism, it ended its choppy upward trend and weakened under short-term pressure.
The equity market entered a repair window. The key negative factor pressuring stocks faded, risk appetite rebounded quickly, and growth-oriented assets saw especially strong rebounds. Commodities recovered in tandem; gold broke free from the short-term downside effects caused by the inflation data and swiftly regained lost ground.
Overall, the market has officially moved past the “rate-hike debate” phase and entered a new trading cycle characterized by high-inflation resilience without continued sustained rate hikes. Valuations across asset classes now have an opportunity for a mild recovery.#BTC走势分析 #ETH走势分析 #BNB走势
