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⚡️Rising interest rates reignite inflation concerns; U.S. equities retreat, and Bitcoin continues to seek support at lower levels

BlockBeats news,October 8, overnight and this morning, U.S. consumers'1-year inflation expectations rose to 3.9%, reaching a more than 3-year high, indicating improved confidence in the labor market. Meanwhile, the Federal Reserve's 9 about meeting minutes were released, with all 19 policymakers supporting September rate hikes for differing reasons. Most participants believed that another interest-rate increase before year-end could be appropriate.

Meanwhile, according to Axios, the Pentagon has directed U.S. Central Command (CENTCOM) to prepare for the resumption of major military operations against Iran, but Trump has not made a final decision or set a specific date for strikes. U.S. and Israeli officials said that, if operations resume, this could occur before the (November 3) U.S. midterm elections, or even before the (October 27) Israeli elections.

As a result, the three major U.S. stock indexes retreated. The Nasdaq ended its five-session winning streak, while the Nasdaq and S&P fell from record highs; the Dow at one point fell by more than 1%.

Among high-profile stocks, according to BIT(bit.com) market data, both the semiconductor index and bank stock index closed down more than 1%, while Micron rose against the trend by 4.06%; Meta fell more than 2%, and cybersecurity stock CrowdStrike fell nearly 5%.

In addition, markets focused on oil-reserve releases by multiple countries. According to Bitget market data, crude oil turned lower intraday; Brent crude, after rising 2%intraday, at one point turned down nearly 1%, while U.S. crude closed at a more than one-month low. Gold retreated to a two-month low, falling more than 2%intraday.

In the crypto market, according to HTX market data, Bitcoin fell below 80000 3 last night, then found temporary support and is currently quoted at 83234.80 USD.

Original link https://m.theblockbeats.info/flash/370662