TechFlow, October 27 — According to Jinshi Data, CITIC Securities research report stated that the U.S. September CPI was below expectations, with import-sensitive consumer goods prices rising moderately, while service inflation cooled again, keeping overall inflation stable. If the U.S. federal government shutdown continues, the Bureau of Labor Statistics might miss the sampling window for October price data. However, regardless of whether the next CPI report is released on time, the current environment of mild inflation and weakening employment in the U.S. should strengthen market expectations for further Fed rate cuts. The tone of the upcoming FOMC meeting next week may be somewhat dovish. We still expect the Fed to cut rates twice more by 25bps each before year-end.
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