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US consumer prices came in far below expectations, driving futures-implied odds of a rate hike this month down to the mid-10% range and pushing the 10-year Treasury yield 2.6bp lower to 4.5850%. Short-end outperformance steepened the curve in a classic bull steepening, easing rate pressure that typically supports NASDAQ growth stocks, gold, and BTC/ETH beta while weighing on the dollar. Watch upcoming Fed speakers and the next PCE print to confirm whether the market fully prices out further tightening or reprices if inflation re-accelerates.
As a Macro signal, watch whether it changes price action, volatility, or flows around IXIC, BTC, KRW=X.
Original Source: 연합인포맥스
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