US Equities Market Weakens as Investors Await Key CPI Data

The US equities market starts the week on a downturn as investors remain skeptical about the Federal Reserve easing its aggressive monetary policy. The Nasdaq Composite hits its lowest level since September 2020, while all eyes are on the upcoming CPI data for September, which could influence the Fed's next rate hike decision.

Published on 2022-10-10

US Equities Market Shows Weakness

The US equities market began the week on a downbeat note, with investors expressing doubts about the Federal Reserve potentially scaling back its aggressive monetary policy. The Nasdaq Composite index dropped to its lowest level since September 2020, reflecting heightened uncertainty in the market.

Focus on Upcoming CPI Data

Market participants are closely monitoring the U.S. Consumer Price Index (CPI) data for September, scheduled for release on October 13. This data is expected to play a pivotal role in shaping the Federal Reserve's decision on the magnitude of its next interest rate hike during the November meeting.

Cryptocurrency Market Performance

The cryptocurrency market has also experienced volatility, with major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others showing fluctuations in recent trading sessions. Investors remain cautious, weighing the potential impact of macroeconomic developments on digital assets.

The interplay between inflation data, Federal Reserve policy, and market sentiment continues to dominate the financial landscape, with investors bracing for further developments in the coming weeks.

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