r/CoinEdition_com

$300 billion was wiped out from the US stock market today following the release of the CPI data.

$300 billion wiped out from US markets at open.

S&P 500 down -0.45%, wiping out $270 billion.

Nasdaq down -0.95%, wiping out $285 billion.

CPI just came in at 3.8%, the highest since May 2023, above the 3.7% expectation.

The market is now pricing in a 35.2% chance of a rate hike in 2026.

More news 👉 https://coinedition.com/news/global-market-live-news/

u/According_Time5120 — 11 days ago