The cooling of inflation has been hampered! The Federal Reserve's further hawkish stance caused a sharp drop in Nasdaq gold prices, triggering a cross-market sell-off.
The U.S. core CPI rose 0.3% month-on-month in October, higher than expected, and Waller suggested considering a 50 basis point rate hike for December. If the rate hike reaches 25 or 50 basis points, how will Nasdaq futures, gold, and US Treasury bonds react? Will you hold cash and short-term debt first and wait and see, or will you deploy gold and technology stocks in batches?