TechFlow news, according to Jinshi News, Pepperstone strategist Michael Brown said in a report that U.S. monthly overall inflation data is no longer having as significant an impact on markets as it did earlier in this cycle. This is primarily because the Federal Reserve has sufficient confidence that inflation will sustainably move toward its 2% target over the medium term. As a result, the Fed has shifted focus toward labor market developments as the key driver of future policy changes. A Wall Street Journal survey forecasts that October's annual headline inflation rate will rise to 2.6%, up from 2.4% in September.
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