PANews reported on October 26 that according to Jinshi, investors expect the Federal Reserve to be less likely to keep interest rates unchanged at its next meeting, while inflation and employment data scheduled to be released next week may still change expectations.
According to CME Fed Watch, the probability of the Fed keeping interest rates unchanged has dropped to 2% from nearly 20% earlier this month. Most people are betting that the Fed will cut interest rates by 25 basis points. September PCE data will be released next Thursday, and October employment data will be released next Friday. Price data show that inflation is persistent but not overheated. Employment data may be affected by one-off hurricanes and strikes.
