$PEPE $BTC $ETH U.S. October CPI exceeds expectations, inflation proves sticky again
The U.S. October CPI was released by the Bureau of Labor Statistics (BLS), not the Federal Reserve, but it is an important reference for the Fed in assessing inflation and setting interest rate policy. The Fed’s official benchmark is the PCE price index. Seasonally adjusted October data showed headline CPI rose 0.4% month over month, versus expectations of 0.3% and a previous reading of 0.6%; core CPI rose 0.3% month over month, versus expectations of 0.2% and a previous reading of 0.3%. Due to last year’s government shutdown, year-over-year figures are not being released this time. September CPI was up 3.7% year over year and 0.6% month over month; core CPI was up 4.1% year over year and 0.3% month over month. This higher-than-expected core CPI shows that services inflation remains stubbornly high. Markets have scaled back expectations for Fed rate cuts, sending the dollar and Treasury yields higher in the short term. With just two weeks until the FOMC meeting, the data will significantly influence policymakers’ views. Going forward, watch for the PCE data, nonfarm payrolls, and the Fed’s remarks on inflation at its rate-setting meeting.#CPI前瞻，12月利率走向迎关键考验 #英伟达Q3财报将至：能否化解市场疑虑？ #黄仁勋因婚外情致歉，英伟达启动独立调查
The U.S. October CPI was released by the Bureau of Labor Statistics (BLS), not the Federal Reserve, but it is an important reference for the Fed in assessing inflation and setting interest rate policy. The Fed’s official benchmark is the PCE price index. Seasonally adjusted October data showed headline CPI rose 0.4% month over month, versus expectations of 0.3% and a previous reading of 0.6%; core CPI rose 0.3% month over month, versus expectations of 0.2% and a previous reading of 0.3%. Due to last year’s government shutdown, year-over-year figures are not being released this time. September CPI was up 3.7% year over year and 0.6% month over month; core CPI was up 4.1% year over year and 0.3% month over month. This higher-than-expected core CPI shows that services inflation remains stubbornly high. Markets have scaled back expectations for Fed rate cuts, sending the dollar and Treasury yields higher in the short term. With just two weeks until the FOMC meeting, the data will significantly influence policymakers’ views. Going forward, watch for the PCE data, nonfarm payrolls, and the Fed’s remarks on inflation at its rate-setting meeting.#CPI前瞻，12月利率走向迎关键考验 #英伟达Q3财报将至：能否化解市场疑虑？ #黄仁勋因婚外情致歉，英伟达启动独立调查
