TechFlow, on October 24, according to Jinshi Data, Julian Raffe, Chief Market Strategist at Barclays Private Bank, pointed out: "In terms of market impact, unless there is a significant upside surprise in U.S. inflation data, the market is unlikely to shift its expectations for further Fed rate cuts." In addition to frequent fluctuations from trade tensions, markets have recently been buoyed by strong corporate earnings reports. According to data tracked by the Atlanta Fed, U.S. GDP growth in the third quarter approached 4% before the government shutdown, showing that the economy still possesses remarkable resilience. While it may not be easy to disrupt this optimistic narrative, an unexpected CPI reading could be the trigger. Stephanie Link, Chief Investment Strategist at Hightower Advisors, said: "If CPI comes in higher than expected, I expect market volatility to intensify. However, I would view this as a buying opportunity, given that the economy remains strong, the Fed has already begun its easing cycle, corporate earnings are growing at double-digit rates, and the fourth quarter has historically been the strongest performing quarter of the year."
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