CNBC's "Fast Money" Rates Rise After hot CPI data… And The Latest On China’s Property Crisis 02/12/25
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Feb 12, 2025 Interest rates are on the upswing following surprising CPI data, raising speculations on the Federal Reserve's next moves. China’s property crisis finds its way into discussions, with a focus on potential government interventions. The impact of inflation on the stock market presents a complex landscape for investors, while Cisco shines with impressive earnings driven by AI developments. Meanwhile, shifts in tech stocks and the rise of Black investors showcase evolving market dynamics, paired with thoughts on cryptocurrency and sustainability in trends.
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Market Reaction to CPI
- Markets initially dropped on the hotter-than-expected CPI report, with major indices down over 1%.
- However, they recovered, with the Nasdaq even posting a small gain, suggesting potential acceptance of higher rates.
Market Resilience and Future Headwinds
- Guy Adami expresses surprise at the market's resilience, attributing it to temporary factors.
- He predicts rising yields and headwinds for the market in the future.
Uncertainty vs. Risk
- Melissa Lee highlights the current economic climate as uncertain rather than risky.
- Unlike risk, uncertainty lacks defined parameters, impacting businesses and consumers.