According to TechFlow, on October 10, according to Jinshi Data, Pepperstone analyst Michael Brown expressed his views on the latest US Consumer Price Index (CPI) data for September. Although the CPI data was slightly higher than expected, Brown believed that this was unlikely to substantially change the policy outlook of the Federal Open Market Committee (FOMC) of the Federal Reserve.

Brown noted: "Despite the strong September employment report, given the continued easing of inflationary pressures, the FOMC is expected to cut interest rates by 25 basis points at each of the remaining two meetings this year. This pace of rate cuts may continue until 2025, until the federal funds rate falls back to a neutral level of about 3% next summer."

He further explained: "This essentially constitutes a 'Fed put option' that persists in a strong and flexible form. This not only provides market participants with the confidence to move further away from the risk curve, but also makes stock market corrections relatively limited, and corrections are often seen as buying opportunities."