Bullish sentiment returns as stocks and cryptos climb higher, gold hits new ATH

Bullish sentiment returns as stocks and cryptos climb higher, gold hits new ATH

From kitco.com

Asset prices trended higher on Thursday as the latest inflation and labor data further supported expectations that the Federal Reserve will start to lower interest rates next week after spending more than a year at their highest levels in over a decade. The U.S. Producer Price Index (PPI) report for August showed wholesale prices rose at a rate of 0.2% month over month, slightly higher than economists anticipated, while the annual rise of 1.7% fell in line with expectations. It is now widely expected that the Fed will announce a 25 bps cut on Wednesday, though some are still holding out hope for a 50 bps cut, which ... (full story)

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