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Hot CPI Report Sends Stocks, Gold and Bitcoin Tumbling
Original: Hot CPI Data Crushes Markets, Inflation Jumps As Stocks, Gold, Silver And Bitcoin Flush, Oil Rallies
A hotter-than-expected CPI inflation reading triggered a broad market selloff, with stocks, gold, silver and Bitcoin all dropping while oil prices rallied. Investors reacted to the surprise jump in inflation, which dampened hopes for near-term interest rate cuts and raised concerns that price pressures are reaccelerating across the economy.
Why now: The hotter inflation print surprised markets and forced a rapid repricing of rate-cut expectations, hitting risk assets everywhere.
CPIFederal ReserveBitcoingoldoil
Rank over time, top of the chart is #1. 5 snapshots from 2 d ago to 2 d ago.
Evidence
- Hot CPI Data Crushes Markets, Inflation Jumps As Stocks, Gold, Silver And Bitcoin Flush, Oil Rallies · Verified Investing · 124.1K
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