Two major positives: Core CPI lower than expected, ceasefire in Gaza Strip, important news on January 17

1. The U.S. CPI data is out, showing further signs of cooling inflation. The core CPI in the U.S. in December increased by 3.2% year-on-year, lower than the previous month's level and also below the market expectation of 3.3%. In terms of overall CPI, the overall CPI in December rose by 0.4% month-on-month, slightly above the market expectation of 0.3%. Year-on-year, the overall CPI increased by 2.9%, in line with expectations. Analysts say the market is comforted by the fact that inflation indicators have been slightly below expectations for two consecutive days, with PPI on Tuesday and CPI on Wednesday. Most importantly, today’s CPI data eliminates the possibility of further interest rate hikes, while some market participants had prematurely started pricing in rate increases. Following the CPI report, the U.S. dollar index and the yield on 10-year U.S. Treasuries both fell, with the 10-year Treasury yield briefly dropping 15 basis points to 4.64%, and Bitcoin returning to $100,000.

2. Israeli officials confirmed that Israel and the Palestinian resistance movement (Hamas) have reached an agreement on a ceasefire in the Gaza Strip and the issue of hostages. An Arab official added that an announcement is expected to be made in the coming hours.

For more concise updates, follow us for daily real-time cryptocurrency news, precise market analysis, in-depth analysis of influential figures, and practical technical tutorials.