Avalanche Partners with AWS, Web3 Venom Ventures Fund Raises $1 billion

Stocks are gaining following the highly anticipated December consumer prices report. The CPI report was in line with economists’ expectations that inflation would decline, falling 0.1% from November but still 6.5% higher than last year. The S&P 500 gained 0.51%, while the Nasdaq was up 0.50%. Equities have been pushing up this week as the market anticipates the Fed may begin to slow its pace of rate hikes in response to cooling inflation. Treasury yields were down, with the U.S 10 Year falling by 1.72% and the 30 Year down by 1.14%. BTC currently outperforms equities, rising 1.45% to 18,200, near levels not seen since early December. ETH was slightly up 0.27%, trading around $1390.