Analyst: The CPI report, which is largely in line with expectations, has further slightly strengthened the expectation of a rate cut in December

Bitget news, analyst Michael: The CPI report, which is largely in line with expectations, has further slightly consolidated the expectation of a rate cut in December. Interest rate swaps show that the current pricing for a December rate cut is 22 basis points, up from 20 basis points previously, so it's almost certain that next week's rate cut will be priced at 25 basis points.