Analyst: Higher-than-expected US September CPI may weaken rate cut expectations

Jinse Finance reported that the US September CPI data will be released later on Friday. Prior to this, Asian currencies consolidated against the US dollar in early trading. StoneX analyst Matt Simpson stated that the currency market currently expects the Federal Reserve to cut interest rates by 25 basis points next week and another 25 basis points in December, with probabilities of 99% and 93% respectively. If the CPI data exceeds expectations, it may challenge these forecasts and drive the US dollar broadly higher. (Golden Ten Data)