Even if tonight's CPI inflation data released by the United States looks bad, it can't stop the market's expectation for interest rate cuts! Why? Because the entire market is betting that the Fed must cut rates next week!

In simple terms, the CPI is like an "thermometer" for the economy, and tonight's data should have been the focus of attention. However, it just so happens that the U.S. government recently experienced a "shutdown", leading to a halt in data updates, making this CPI the only available "report card" for the Fed before their meeting. Nevertheless, even if the inflation figures for September might be on the high side, investors are too indifferent to care now— the money market has already bet on interest rate cuts in advance, and it's not just once, but twice: once in October and again in December!
My point is very clear: don't be swayed by short-term data. Even if the CPI exceeds expectations tonight, it is likely just a small fluctuation, and the overall trend is still accommodative.

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