The U.S. bond market is awaiting the latest CPI data and remarks from Fed Chair Warsh to assess the pace of further rate hikes, while expectations that rates will remain unchanged at the end of October are limiting the bond selloff.

The monthly nonfarm payrolls report showed a marked slowdown in job growth. This has led traders to expect the Fed to leave rates unchanged at its two-day meeting, which ends on October 28.

The market still expects the Fed to raise interest rates by another 25 basis points in December, followed by two more hikes by the end of 2027. If September CPI rises more sharply than expected, pressure to accelerate the pace of rate hikes could intensify, triggering another bond sell-off. The Fed will enter its regularly scheduled communications blackout period on Saturday.

Source: https://tintucbitcoin.com/fed-buoc-vao-giai-doan-im-lang-truoc-cuoc-hop-thang-10/

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