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Teaser: Tonight Market Focuses on CPI Data, Rate Cut Expectations Next Week Remain Unshaken
BlockBeats News, October 24th: Tonight at 20:30 Beijing time, the US September Unadjusted CPI YoY, US September Seasonally Adjusted CPI/Core CPI MoM, and US September Unadjusted Core CPI YoY will be released. Due to the US government shutdown, most official data releases have been halted. This week, the market's attention is fully focused on Friday's CPI data, which is the only economic indicator that the Federal Reserve can refer to before resuming its policy stance.
Although the September CPI report may show persistent inflation, investors may overlook this sign as the money market prepares for a Fed rate cut next week. Emily, Founding Partner of Bowersock Capital Partners, said, "As the Fed may pay more attention to the labor market, Friday's CPI is not expected to have a significant impact on the Fed's decision next week. We may see two rate cuts this year, in October and December, respectively."
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