Tonight at 20:30! The U.S. September CPI is coming, expected to rise by 3.1% year-on-year, refreshing a 17-month peak.
At 20:30 Beijing time on October 24th, the U.S. September CPI data will be released with great significance. The market anticipates that inflation may rise, but it is unlikely to change the Federal Reserve's interest rate reduction pace. Specifically, economists expect the overall CPI to increase by 0.4% month-on-month and 3.1% year-on-year, with the core CPI rising by 0.3% month-on-month and also 3.1% year-on-year—this means inflation may reach a nearly 17-month high. However, the market currently has clear expectations for the Federal Reserve's interest rate cuts, with probabilities of a 25 basis point cut in October and December reaching 98.9% and 96.1%, respectively. $BTC