Real Vision: Finance & Investing US CPI Cools, Fed Drama, Japan Stocks Surge, and Bitcoin Jumps: PALvatar Market Recap, January 13 2025
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Jan 13, 2026 Softer-than-expected US inflation data boosts equity markets and sparks hopes for Fed rate cuts, amid a brewing controversy surrounding Jerome Powell. Japan's Nikkei hits record highs as the yen weakens, showcasing unique global market dynamics. In the crypto space, Bitcoin's price surges over $92,000 thanks to significant institutional purchases. Additionally, discussions of regulatory developments, IPO potential for BitGo, and a warning about a dubious NYC token project add layers to the evolving financial landscape.
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Cooling US Inflation Fuels Rate-Cut Hopes
- US CPI cooled in December with headline 2.7% and core 2.6% annual, easing inflationary pressure.
- Markets rallied on hopes this will support future Fed rate cuts and lower policy risk.
Powell Faces Probe But Wins High-Profile Backing
- A DOJ criminal probe into Fed Chair Jerome Powell has sparked reputational risk and broad institutional support.
- Three former Fed chairs and 11 central bank heads publicly defended Powell's integrity amid the controversy.
Bank Earnings Open With Mixed Signals
- Big US banks kick off earnings season with mixed results that matter for financials exposure.
- JPMorgan beat expectations but saw a 7% profit drop due to a one-off Apple card takeover charge.