The cooling of inflation has been hampered! The Federal Reserve's further hawkish stance caused a sharp drop in Nasdaq gold prices, triggering a cross-market sell-off.
The U.S. core CPI rose 0.3% month-on-month in October, higher than expected, and Waller suggested considering a 50 basis point rate hike for December. If the rate hike reaches 25 or 50 basis points, how will Nasdaq futures, gold, and US Treasury bonds react? Will you hold cash and short-term debt first and wait and see, or will you deploy gold and technology stocks in batches?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments