Next week, US stocks enter a dense earnings season, but there’s really only one true focus—the US September CPI data on Friday.
The current market consensus is clear: regardless of what happens with the CPI, the Fed is very likely to cut rates by 25 basis points at its October 28-29 FOMC meeting. This CPI release is especially noteworthy because, due to the US government shutdown (which started October 1), it will be one of the few official economic data reports released next week.
In addition, the Fed is holding a payments innovation conference this week, with a focus on stablecoins, AI, and tokenization—which is quite interesting for the crypto market.
Schedule (UTC+8): Monday 10:00 - China Q3 annualized GDP data Monday 22:00 - US September Leading Index Tuesday - Fed Payments Innovation Conference kicks off Friday 20:30 - US September Core CPI data
In short: CPI is the only main event next week; all other data are just side dishes.
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Next week, US stocks enter a dense earnings season, but there’s really only one true focus—the US September CPI data on Friday.
The current market consensus is clear: regardless of what happens with the CPI, the Fed is very likely to cut rates by 25 basis points at its October 28-29 FOMC meeting. This CPI release is especially noteworthy because, due to the US government shutdown (which started October 1), it will be one of the few official economic data reports released next week.
In addition, the Fed is holding a payments innovation conference this week, with a focus on stablecoins, AI, and tokenization—which is quite interesting for the crypto market.
Schedule (UTC+8):
Monday 10:00 - China Q3 annualized GDP data
Monday 22:00 - US September Leading Index
Tuesday - Fed Payments Innovation Conference kicks off
Friday 20:30 - US September Core CPI data
In short: CPI is the only main event next week; all other data are just side dishes.