Bitcoin Reaches $93k; US Annualized Inflation Rises to 2.6% as Expected, Fed Members Worry Over Cuts; US Dollar Index Rises to 2-Month High, With EUR/USD and USD/CAD Showing Year+ Highs; Non-US Stocks Weak on Trump Fears
US inflation for October 2024 accelerated to 2.6% year-on-year, in line with expectations. Core inflation remains unchanged at 3.3%, and the US dollar climbed against the major currencies today.
US CPI Expected to Rise to 2.6%; Bitcoin Finally Hits $90,000 Before Retracing; All Major US Stock Market Indices Decline; US Dollar Index Rises to 2-Month High, With EUR/USD and USD/CAD Showing Year+ Highs ; Non-US Stocks at 3-Month Low on Trump Fears
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Bitcoin Trades Near $90,000; All Major US Stock Market Indices Again Trade at Record Highs; US Dollar Gains, ‘Trump Trade’ Seen Driving Markets
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