Odaily星球日报讯 摩根士丹利 E*Trade 的 Chris Larkin 表示，市场普遍预期美联储将在下周降息 25 个百分点，今天的 CPI 数据或多或少与目标持平，符合 25 个基点的降息预期。那些希望降息幅度更大的投资者可能会感到失望，但随着通胀似乎得到控制，市场可能会将注意力转回到经济增长方面，尤其是就业情况。（金十 P）

摩根士丹利：CPI数据已符合25个基点的降息预期

Odaily Odaily News: Chris Larkin of Morgan Stanley E*Trade said that the market generally expects the Fed to cut interest rates by 25 percentage points next week, and today&#39;s CPI data is more or less in line with the target, in line with the expectation of a 25 basis point rate cut. Investors who hope for a larger rate cut may be disappointed, but as inflation seems to be under control, the market may turn its attention back to economic growth, especially employment. (Jin Shi P)

Morgan Stanley: CPI data has met expectations of a 25 basis point rate cut

According to Odaily, as traders focus on Wednesday's inflation data and the Federal Reserve's potential rate cut next week, US stocks are expected to end their four-day losing streak on Monday, driven by growing concerns about economic slowdown. The three major indices all rose more than 1%, with 10 out of 11 sectors in the S&P 500 index advancing. Ivan Feinseth, Chief Investment Officer of Tigress Financial Partners, stated that "while a weak labor market and a potentially weakening US economy continue to exert pressure, the market's oversold buy-the-dip reaction continues to provide support for the stock market." After last Friday's data showed US August hiring numbers were lower than expected, Wednesday's CPI report may provide assurance to Fed officials that inflationary pressures are stabilizing. The presidential debate between Vice President Harris and former President Trump on Tuesday evening may inject some uncertainty into the market this week.

Traders turn their focus to the Fed's rate cut, and U.S. stocks rebounded with three major indexes rising by more than 1%

According to the report from Informa Global Markets, the overall US CPI in August slowed down to 2.5% year-on-year, in line with expectations, which is the lowest level since February 2021. The year-on-year core inflation rate remained at 3.2%, also in line with expectations. The market noted that the monthly core inflation rate of 0.3% was higher than expected, causing the US dollar to rise against the Japanese yen from 141.80 to 142.35. This data supports the Federal Reserve's decision to cut interest rates by 25 basis points next week and should rule out the possibility of a larger 50 basis point cut.

Informa Global Markets: Core inflation rate rises on a monthly basis, ruling out the possibility of a sharp rate cut by the Federal Reserve

Florian Ielpo, an analyst at Lombard Odier Asset Management, stated that given the market has already digested the dovish expectations, interest rates "are unlikely to see a significant decline due to this CPI report." "Before the Federal Reserve meeting next week, we may see real interest rates enter a consolidation period. The stock market may find some confidence, and expected earnings are likely to rebound further, but the decline in manufacturing sales prices should not be ignored, and the negative discount factor effect may put pressure on the stock market."