CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Blockworks 2025-01-15 20:30:00

US equities pare recent losses after mixed inflation print

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe . The December CPI report shows some prices are coming down more than expected while the cost of other goods and services continue to rise. Today’s release was enough to satisfy investors, though. The S&P 500 and Nasdaq Composite indexes were trading 1.8% and 2.3% higher, respectively, at 2 pm ET Wednesday. The mid-week rally helped pare losses from earlier in the week. The Nasdaq Composite is now flat for the past five trading days while the S&P 500 has edged into the green, now up 0.5% over that time. Prices increased 0.4% over the month and 2.9% over the year, coming in close to the forecasted readings of 0.3% and 2.9%, respectively. Core CPI though, which excludes food and energy prices, slowed to 3.2% in the 12 months ended December, just under analysts’ expectations of 3.3%. The report had little impact on interest rate expectations, with fed funds futures markets still calling for a 97% chance committee members hold rates steady later this month. Still, December’s reading shows the central bank has made some progress in moving inflation back down to its 2% target, and investors were thrilled. Looking ahead, analysts say rate cuts in 2025 are probably still in the cards, but not too many of them. “The key question now is whether the FOMC’s ‘skip’ turns into a more prolonged ‘pause’,” said Michael Brown, senior research strategist at Pepperstone. “Risks around the policy outlook this year are considerably more two-sided than those seen last year, with a renewed hawkish risk re-introduced to the policy path.” Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.