source avatarThe Infamous T

Share

Gn CT 🌕 October CPI exceeded forecasts: headline rose 0.4% month on month against 0.3% expected; core rose 0.3% against 0.2%. Core has now printed at that pace for three straight months. Shelter accounted for more than 30% of the monthly headline increase, while food and energy rose too. BLS could not publish the usual annual headline or core comparisons because last October’s data are missing. Short-term Treasury yields jumped and December hike expectations firmed. The S&P 500 and Nasdaq were trading lower, interrupting the tech rebound. Nvidia shares also fell amid an independent board investigation into reports that Jensen Huang was targeted by a foreign intelligence effort. BTC traded below its weekend low as yields rose. Together, the moves suggest a broader rates repricing, while Nvidia’s inquiry remains a separate risk.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.