Market News: The US CPI report in November may suggest that the core PCE index, the inflation indicator favored by the Federal Reserve, may rise slightly to 2.9% in the last two months of 2024.Yizi International's share price rose 3.8% at the opening, while Hershey's share price fell 5%.Traders have increased their bets on the ECB's interest rate cut, and it is now expected that the ECB will cut interest rates by 158 basis points in 2025.
The S&P 500 index opened up 0.5%, while the Nasdaq 100 index rose 0.9%.The Bank of Canada cut interest rates sharply by 50 basis points, suggesting that the pace of monetary easing may be slowed down. The Bank of Canada cut interest rates sharply for the second time in a row, and suggested that policy makers are prepared to slow down the pace of monetary easing. Central bank officials, led by Tiff Macklem, the governor, cut the benchmark overnight rate by 50 basis points to 3.25% on Wednesday, which is at the high end of the neutral interest rate forecast range. However, they also hinted that after several sharp interest rate cuts, it may return to a slow pace in 2025. The latest statement removed the statement that "the borrowing cost is expected to be further reduced" in previous statements.MicroStrategy rose more than 5%, and Bitcoin strengthened again today, rising nearly 4% to nearly $100,000.
The short-term decline of USD/CAD against Canadian dollar further expanded to nearly 70 points, and it is now reported at 1.4138.CFO of Goldman Sachs: As President-elect Trump nominates candidates for government positions, the FTC may take a new direction.Bank of Canada: Canada's economic growth in the fourth quarter seems weaker than expected. Bank of Canada: Canada's economic growth in the fourth quarter seems weaker than expected. The United States may impose new tariffs on Canadian products exported to the United States, increasing uncertainty and casting a shadow over the economic prospects. Consumer spending and household activities both picked up in the third quarter, indicating that lower interest rates began to boost household spending. The growth in the fourth quarter may be weaker than the 2% annualized level expected by the central bank, and the average inflation rate is expected to be close to 2% in the next few years.