July CPI matches expectations at 3.4%, boosting equities and Fed hold bets
July CPI came in exactly at expectations of 3.4% annually, and U.S. stocks added roughly $400 billion in market cap as the S&P 500 pushed toward record highs. Traders shifted bets toward a Fed hold in September, snapping a near 50-50 split.
Detected & updated continuously · Source: Nebula
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@misterrcrypto
U.S. stocks added roughly $400 billion in market cap after CPI came in exactly as expected at 3.4% YoY. The S&P 500 pushed back toward record highs as tech stocks led the move. Nvidia +2.5% AMD +2.7% Micron +6.3% No upside inflation surprise means rate cut expectations stay https://t.co/6yRGTSAznM
@realcoincentral
The Nasdaq gained 0.7% and the S&P 500 edged up 0.3% on Wednesday after July's inflation report came in exactly where economists expected, at 3.4% annually. Traders wasted no time shifting their bets toward a Fed hold in September, snapping a near 50-50 split that had markets
@bitfunded
🚨 CPI MEETS EXPECTATIONS BUT CRYPTO IS LAGGING July CPI came in exactly in line with expectations, but the reaction is split. Equities are pushing higher: 🟢 Nasdaq: +0.60% 🟢 Russell 2000: +0.37% 🟢 S&P 500: +0.24% ⚪ Dow: -0.02% Crypto is still lagging: 🔴 $BTC: -0.41% at