Markets Decline Amid Inflation and Fed Rate Signals

U.S. stock markets experienced a cooling off from their recent post-election rally, with major indices like the S&P 500 and Nasdaq showing declines. Short-term Treasury yields fluctuated before rising, as Federal Reserve Chair Jerome Powell signaled no urgency in cutting interest rates. In Asia, shares were mixed as markets awaited further U.S. inflation data, which could influence future Federal Reserve rate cuts. The Treasury market saw rallies, with traders betting on further rate cuts following in-line inflation data. Meanwhile, Bitcoin continued to surge, reaching new highs amid speculation of government adoption. Stocks like Tesla and Rivian saw specific gains due to strategic appointments and investments, while others like Spirit Airlines faced potential bankruptcy.