CoinVoice recently learned that according to Jinshi, according to a Bloomberg survey of economists, the month-on-month growth rate of CPI and the month-on-month growth rate of core CPI excluding food and energy may be recorded at 0.1% and 0.2% respectively. The core CPI is seen as a better signal of future inflation. Grocery and gasoline prices sometimes fluctuate greatly and exaggerate the overall price level.
A larger increase in the core CPI could shake financial markets and reignite concerns about the Fed’s “pause” in rate cuts—if further progress on inflation stalls, the Fed could abandon rate cuts in November or December. [Original link]
