Stock market news
• Global stocks and non-dollar currencies have calmed somewhat on inflation worries, helped by a strong start to the earnings season and soft U.S. core inflation data that have revived hopes for a Fed rate cut this year. However, the upswing may be short-lived as U.S. inflation still looks too high for comfort and could face upward pressure if the new Trump administration pursues aggressive tariff and tax policies.
• Stock market reaction to U.S. inflation data on Wednesday helped boost BTC. U.S. gasoline prices rose 4.4% in December as “heightened” geopolitical...
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