On the evening of October 13, Beijing time, the United States released September CPI data showing that the September inflation data, including core inflation, was unexpectedly high, strengthening the Federal Reserve's expectation that the Fed would raise interest rates by 75 basi

On the evening of October 13, Beijing time, the United States released September CPI data showing that the September inflation data, including core inflation, was unexpectedly high, strengthening the expectation that the Federal Reserve will raise interest rates by 475 basis points at its November meeting.

Specifically, the overall CPI annual rate in September was 8.20%, the smallest increase since February 2022; the core CPI annual rate in September of the United States recorded 6.60%, higher than the expected value of 6.50%. After the data of

CPI was released, U.S. stock stock index futures fell sharply, Dow futures fell 0.7%, Nasdaq futures fell more than 2%, and S&P 500 index futures oversold 41%.

gold has a super market. COMEX's most active gold futures contract shows that within one minute of the disclosure of CPI data in September, 2,616 lots were instantly traded, with a total trading contract worth US$433 million.

expectation of interest rate hikes further promotes exchange rate adjustment. After the data was disclosed, the US dollar against the Japanese yen USD/JPY site was 147, the first time since August 1998. The euro fell to a two-week low against the US dollar, and has fallen more than 0.4% to 0.9657 so far. According to domestic news, the offshore RMB fell below 7.23 against the US dollar.

In the second half of this year, the international market has been looking forward to the Federal Reserve changing its direction and launching a decision to cut interest rates amid slowing economic growth and rising unemployment rates. But as domestic inflation remained high in the United States and the Federal Reserve chose to step on the accelerator, their CPI performance tonight also strengthened their determination.

analysts pointed out that the moderate depreciation of RMB exchange rate is beneficial to China's export trade. According to customs statistics, in the first half of this year, my country's total foreign trade export value was 11.14 trillion yuan, an increase of 13.2% year-on-year. Obviously, under the current background of great downward pressure on the domestic economy, the moderate depreciation of the RMB will help stabilize domestic economic growth through export trade.

text|Chen Yueshan Title| Zeng Yi Review|Zeng Yi

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