中信证券：仍预计美联储年内将再降息两次各25bps

Core Viewpoint - The report from CITIC Securities indicates that the U.S. September CPI was below expectations, with a moderate increase in prices of import-sensitive consumer goods, while service inflation cooled again, maintaining a stable overall inflation situation [1] Group 1: Inflation and Economic Indicators - The overall inflation environment in the U.S. remains mild, with a notable decline in service inflation [1] - If the U.S. federal government shutdown continues, the Labor Statistics Bureau may miss the sampling window for the October price data [1] Group 2: Federal Reserve Outlook - Regardless of whether the next CPI report is released on time, the current mild inflation and weakening employment conditions are expected to reinforce the anticipation of further rate cuts by the Federal Reserve [1] - The tone of the upcoming Federal Reserve meeting is likely to be dovish, with expectations of two additional rate cuts of 25 basis points each by the end of the year [1]