The data neither shows a rebound in inflation (which would force the Federal Reserve to raise interest rates) nor a sharp decline. This "moderate and stable" state reassures investors. The market confirms that the Federal Reserve is highly likely to keep interest rates unchanged at the January meeting (probability of 97%), eliminating the risk of monetary policy tightening again, thereby boosting risk assets including Bitcoin.
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The data neither shows a rebound in inflation (which would force the Federal Reserve to raise interest rates) nor a sharp decline. This "moderate and stable" state reassures investors. The market confirms that the Federal Reserve is highly likely to keep interest rates unchanged at the January meeting (probability of 97%), eliminating the risk of monetary policy tightening again, thereby boosting risk assets including Bitcoin.