Agency: US CPI is unlikely to have a significant impact

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MarsBit
11-13
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According to Pepperstone strategist Michael Brown in a report, the monthly overall inflation data in the United States no longer has a huge impact on the market as it did in the early stages of this cycle. This is mainly because the Federal Reserve is confident that inflation is making sufficient progress towards its 2% target on a medium-term sustainable basis. Subsequently, the Federal Reserve has shifted its focus to making the development of the labor market a key driver of future policy changes. A Wall Street Journal survey shows that the overall year-on-year inflation rate is expected to be 2.6% in October, higher than the 2.4% in September. (Jinshi)

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