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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Goldman Sachs: CPI data warming may lead to further reduction of the probability of a rate cut in December.
According to Dom Wilson, senior market adviser at Goldman Sachs, the focus of the market and most of the fluctuations clearly come from the post-election transition. The November Federal Open Market Committee (FOMC) delivered a message of 'steady progress', so it may take a real surprise to drive the market. Dom Wilson said that the warming data could fuel the argument that the fight against inflation is not over yet and lead to further reduction in the probability of a rate cut in December, especially considering the backdrop of a more positive inflation cycle priced in the market since the election. (Jin Shi)