🚀 September CPI Data Crucial For Federal Reserve's November Decision
#CPI #FederalReserve #InterestRates #Economy #SeptemberReport #LaborData #UBS #BrianRose #Finance #MarketAnalysis
According to Odaily, UBS economist Brian Rose stated in a report last Friday that the Consumer Price Index (CPI) for September will be a critical data point. If prices rise faster than expected, coupled with strong labor data, the likelihood of the Federal Reserve holding steady at its November meeting will increase. Based on data from the CME FedWatch tool, following the release of the September employment report, the probability of the Federal Reserve cutting interest rates by 50 basis points next month has dropped from 33% to zero. Traders are now not even fully pricing in a 25 basis point rate cut. Therefore, Thursday's CPI reading has gained significant importance for the Federal Reserve's next move.#CPI #FederalReserve #InterestRates #Economy #SeptemberReport #LaborData #UBS #BrianRose #Finance #MarketAnalysis
🚀 U.S. Labor Department to Release September Employment Report
#US #LaborDepartment #EmploymentReport #SeptemberReport #GovernmentShutdown #BureauOfLaborStatistics
According to PANews, the U.S. Bureau of Labor Statistics announced on Friday that it will release the highly anticipated September employment report next Thursday. The report was initially scheduled for release on October 3 but was delayed due to a 43-day government shutdown.#US #LaborDepartment #EmploymentReport #SeptemberReport #GovernmentShutdown #BureauOfLaborStatistics