- Asian stocks were off to a shaky start on Wednesday as investors gear up for the crucial US inflation data, which, in turn, drives some haven flows towards the Gold price.
- The headline US Consumer Price Index (CPI) is expected to have risen 0.2% in August and the yearly rate is seen decelerating from 2.9% to 2.6%, or the lowest since 2021.
- Meanwhile, the core CPI, which excludes volatile food and energy prices, is anticipated to come in at 0.2% and hold steady at a 3.2% YoY rate during the reported month.
- Any further signs of cooling inflation would increase market bets for a more aggressive policy easing by the Federal Reserve and bode well for the non-yielding yellow metal.
- In contrast, the reaction to a stronger CPI print is more likely to be limited as investors seem convinced that the US central bank will start lowering borrowing costs in September.
- According to the CME FedWatch Tool, the markets are currently pricing in a 67% chance of a 25-basis-points rate cut at the next FOMC policy meeting on September 17-18.
- Meanwhile, the first debate between Democratic Vice President Kamala Harris and Republican Presidential candidate Donald Trump did little to impact the market sentiment.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
喜歡的話，讚賞支持一下
暫無評論，立馬搶沙發