SOL Keeps Shining as Signs of Market Exhaustion Remain Absent

Nov 16, 2023 • 9 Min Read

Market Prices in Rate Cuts

The key macro event this week was the release of the October CPI data, which came in notably cooler than anticipated. The year-over-year CPI was slightly lower at 3.2%, just below the predicted 3.3%, while the month-over-month figure remained steady at 0.0%, in contrast to the expected 0.1%.

This cooler inflation data spurred a surge in equity indices. It also bolstered investor confidence in the Federal Reserve's policy direction, hinting at a possible end to the ongoing series of rate hikes. As a result, the market has begun to factor in potential rate cuts, possibly...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

Keep reading by starting your Free Trial today!

You are reading the last free article.

Already have an account? Sign In