I really can't do it—I just can't find a positive angle for CPI; tonight's CPI might not be optimistic
#美国10月CPI今晚公布，加息预期能否改变？
First, oil prices have been on an upward trend from August to October, with the average oil price in October being high. See Figure 1
Second, the consumer confidence index released at the end of October rebounded, and strong consumption will push prices up from the demand side. See Figure 2
Third, previous non-farm payroll data showed that both the monthly and annual wage growth rates were not low, with income growth relatively high, which may be one reason for strong consumer confidence. See Figure 3
The expected annual rates for the comprehensive CPI and core CPI are 3.9% and 2.8%, respectively, which are not low. But the expected monthly rates are 0.3% and 0.2%, and personally, I feel the monthly rate expectations are somewhat optimistic.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
