According to ChainCatcher, citing Jinshi, SD Ventures Chief Investment Officer Alexander Lis said the latest US CPI data was broadly in line with market expectations. Both the year-on-year increase and the core readings were generally consistent with what had been expected.
Lis noted that although the inflation figures were not strong, they were also not sufficient to make the market feel reassured. The release is the final inflation data point before the next meeting of the Federal Reserve’s monetary policy committee, placing attention on how the Fed will respond to the report.
According to his remarks, the market will learn next week whether the inflation backdrop is enough to prompt the Federal Reserve to send a signal on raising interest rates. The focus of the comments remains on US inflation data, the upcoming Fed policy meeting, and whether the latest CPI reading will influence the central bank’s policy communication.