๐จ Unusual Market Move! ๐จ
This week, we're seeing a rare occurrence: CPI inflation data is being released on Friday, October 24, despite the US government shutdown ๐ฐ๏ธ.
What's notable is that this data drop is happening just before the October 29th Fed meeting, making it a crucial indicator for investors ๐.
Here are the key points to know :
- *CPI Data Release*: The Labor Department has confirmed that the September CPI report will be released on October 24, despite the shutdown.
- *No Other Releases*: Unfortunately, no other economic data releases will be rescheduled or produced until the shutdown ends ๐ซ.
- *Impact on Fed Decision*: This data will likely play a significant role in the Fed's decision on rate cuts, with investors closely watching for any signs of inflation trends ๐.
- *Bullish Speculation*: Some investors are speculating that the September CPI report might be "bullish," potentially influencing market expectations ๐.
Given the current market conditions and the significance of this data release, it's essential to stay informed and adapt your trading strategy accordingly ๐ก.
Keep an eye on market movements and adjust your positions as needed ๐.
