Analyst: Higher-than-expected US September CPI may weaken rate cut expectations
Jinse Finance reported that the US September CPI data will be released later on Friday. Prior to this, Asian currencies consolidated against the US dollar in early trading. StoneX analyst Matt Simpson stated that the currency market currently expects the Federal Reserve to cut interest rates by 25 basis points next week and another 25 basis points in December, with probabilities of 99% and 93% respectively. If the CPI data exceeds expectations, it may challenge these forecasts and drive the US dollar broadly higher. (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: On-chain data indicates that bitcoin selling pressure is easing and the market is buying the dip
Trending news
MoreMarket news: An Aethir executive, together with investor-backed VC leveraged funds, is shorting, acting as a counterparty to the founder’s fundraising and price-pumping efforts, dumping tokens to harvest profits from the community.
Analyst: On-chain data indicates that bitcoin selling pressure is easing and the market is buying the dip
Crypto prices
More
