{"id":91394,"date":"2024-10-10T11:55:07","date_gmt":"2024-10-10T08:55:07","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=91394"},"modified":"2024-10-10T11:55:20","modified_gmt":"2024-10-10T08:55:20","slug":"septembers-us-cpi-rates-in-the-epicenter","status":"publish","type":"post","link":"https:\/\/www.smartchinaeducation.com\/vi\/septembers-us-cpi-rates-in-the-epicenter\/","title":{"rendered":"September\u2019s US CPI rates in the epicenter"},"content":{"rendered":"

The USD gained against its counterparts yesterday, as the Fed\u2019s September meeting minutes <\/a>proved to be more hawkish than what the market expected. It\u2019s characteristic that most of the Fed policymakers agreed that monthly inflation reports align and are consistent with inflation returning sustainably to the 2% target. Overall, the release did not alter the market\u2019s expectations for the bank to proceed with two 25 basis points rate cuts until the end of the year, thus providing some slight support for the USD at the release and the following minutes. In a slightly more hawkish tone, San Francisco Fed President Daly stated yesterday that she expects the bank to proceed with one or two more rate cuts until the end of the year.\u00a0 Today we expect the markets to closely watch the speeches of\u00a0 Richmond Fed President Barkin and New York Fed President Williams for any further clues regarding the Fed\u2019s intentions.<\/p>\n\n\n\n

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