Home
News Detail

US CPI data rebounded in August, with unemployment benefits hitting a four-year high

Source: Binance
According to ChainCatcher, Galaxy Securities research report pointed out that although the US CPI data rebounded in August, it was in line with market expectations and inflation was still within a controllable range. The number of initial jobless claims unexpectedly rose to 263,000 last week, a record high in nearly four years. This combination of signals further strengthens the market's expectations that the Fed will start a cycle of interest rate cuts this year. It is expected that the US dollar will weaken in the future, pushing funds to flow to non-US markets, especially emerging markets and high-yield assets, thereby increasing global risk appetite.
Link copied to clipboard