October CPI, bitcoin's new record, IPOs: Market Takeaways

  • November 13, 2024

US stocks ( ^DJI , ^IXIC , ^GSPC ) seem to have calmed in Wednesday's session following the October CPI (Consumer Price Index) print that matched economists' inflation forecasts. Is this a sign that the post-election rally is petering out?

Yahoo Finance markets reporter Josh Schafer outlines three major elements markets could currently be pricing in: the Federal Reserve's 2% inflation target, bitcoin's ( BTC-USD ) latest rally to a record high above $93,000 , and IPO forecasts under a second Trump administration.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here .

This post was written by Luke Carberry Mogan .

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