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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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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)