Core Insights - The U.S. September CPI adjusted month-on-month increased by 0.3%, with a year-on-year rise to 3.0%, while core CPI rose 0.2% month-on-month and 3.0% year-on-year, falling short of market expectations [1] - Rent and used car prices were significant drags on inflation, indicating weakened demand in these sectors, potentially linked to immigration policies [1] - Price changes for goods affected by tariffs were mixed, with the rate and magnitude of price increases lower than previously anticipated, reflecting weak end-demand and challenges for companies in passing on tariff costs to consumers [1] - Service inflation remains robust, suggesting underlying inflationary pressures in the service sector [1] - Overall, the inflation data appears moderate, supporting the Federal Reserve's potential decision to continue lowering interest rates [1] - Given the downward risks in the labor market, the expectation is for the Federal Reserve to cut rates by 25 basis points in both October and December [1]
中金：美联储或将在10月与12月分别降息25个基点
Ge Long Hui A P P·2025-10-26 23:54