TechFlow news, October 27 — According to Jinshi Data, CICC's research report stated that the U.S. September CPI rose 0.3% month-on-month seasonally adjusted, with annual growth rising to 3.0%. Core CPI increased 0.2% month-on-month and 3.0% year-on-year, below market expectations. From component data, rents and used car prices showed notable downward pressure, reflecting weakening demand in these areas. We speculate this may be related to Trump's policies restricting and expelling immigrants. Prices of goods affected by tariffs showed mixed movements, but the pace and magnitude of price increases were lower than our previous expectations, reflecting weak end demand and companies' difficulty in passing tariff costs onto consumers. Service inflation remains robust. Overall, this inflation data appears relatively mild, supporting the Fed's continued rate cuts. Given downside risks facing the labor market, we expect the Fed to cut rates by 25 basis points each in October and December.
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