华尔街对通胀“免疫” 料CPI高于预期不会冲击美股

Core Viewpoint - Wall Street's trading desks anticipate that the upcoming Consumer Price Index (CPI) report will indicate elevated inflation data, but they do not expect significant stock market volatility due to the focus on employment data [1] Group 1: Market Expectations - Options traders are betting that the S&P 500 index will experience a two-way movement of approximately 0.7% following the CPI release, which is lower than the average actual volatility of 0.9% on CPI announcement days over the past year [1] - The implied volatility remains high, as traders are assessing the Federal Reserve's interest rate path [1] Group 2: Economic Indicators - Recent employment data has shown signs of weakness that threaten economic growth, leading the market to expect a 25 basis point cut in the federal funds rate at the conclusion of the Federal Reserve meeting on September 17 [1] - There are also expectations for potential rate cuts in the meetings scheduled for October and December [1]