Following a slight cooling in US inflation data fo
# Trending Token Price Prediction Challenge #HTX 13th-Anniversary Carnival #HTX Creation Challenge — Post and Win 1,500U Following a slight cooling in US inflation data for July, the stock market initially saw a recovery in sentiment, but crypto assets failed to follow suit. Foreign media reports suggest the market is currently more focused on whether interest rates will be lowered, rather than the inflation data itself.
Stock Market Reacts First, Crypto Market Remains Flat
The US inflation rate fell to 3.4% in July, lower than previous levels. Core inflation, excluding food and energy, rose 0.2% month-on-month, indicating that while price pressures have eased, they have not yet returned to the vicinity of the Federal Reserve's 2% target.
The article states that Asian stock markets rose first after the data release, and US stocks showed a similar trend in pre-market trading, with technology stocks performing particularly well. The improved market sentiment mainly stemmed from investors' expectations of continued inflation decline.
In contrast, the crypto market reacted weakly. Bitcoin continued to fluctuate around $63,000, and most major cryptocurrencies followed Bitcoin's trend, maintaining an overall sideways movement.
Interest Rate Expectations Continue to Suppress Risk Appetite
Foreign media believe that the decline in inflation does not necessarily mean the Federal Reserve will change course soon. With inflation still above the 2% target, the Fed remains likely to maintain interest rates.
Against this backdrop, market sentiment towards high-risk assets remains cautious. Crypto assets are generally considered more volatile and riskier, so even marginal improvements in macroeconomic data may not immediately benefit the market in the short term.
US July inflation rate: 3.4%
Core inflation rose 0.2% month-on-month
Bitcoin is currently trading at approximately $63,000
Foreign media are focusing on two subsequent variables
The article also mentions t
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