Rare Data Amid U.S. Government Shutdown: CPI to Be Released Today, Unlikely to Shake Rate Cut Expectations

Jinse Finance reported that although the US September CPI report to be released today may show that inflation remains stubborn, investors may ignore this signal as the money market is preparing for a rate cut by the Federal Reserve next week. Emily, founding partner of Bowersock Capital Partners, believes that given the government shutdown, Friday's CPI is important because it is one of the few economic data points we will see. She stated: "But since the Federal Reserve may be more focused on the labor market, we expect that Friday's CPI will not have much impact on the Fed's decision next week. We may see two rate cuts this year, in October and December respectively."