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via theetfbully.comEconomy

Hotter-than-expected CPI and hawkish Fed send stocks, bonds, gold and crypto lower

FROM THE WIRE · THEETFBULLY.COM

[Chart courtesy of MarketWatch.com] After yesterday’s euphoric rally, the market got a sharp reminder that gravity still exists. A hotter-than-expected CPI report and some decidedly hawkish comments from the Fed reignited rate fears, sending stocks, bonds, gold, and crypto lower…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA CPI above expectations and hawkish Fed comments revived rate fears, hitting several asset classes.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The CPI came in above expectations.
  2. 02Fed Governor Christopher Waller signaled another rate move in December.
  3. 03Stocks, bonds, gold and crypto fell in one swift move.
  4. 04The prior day's euphoric rally was followed by a sharp pullback.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
GoldCOMMODITY:GOLDCommodity4,042.60 USD+0.31%today +0.31%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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