According to a report by Jinshi, Robert Pavlik, senior portfolio manager at Dakota Wealth Management, said that U.S. inflation was slightly higher than expected, which disappointed those who hoped to cut interest rates for several consecutive meetings. It is believed that the Fed will now pay attention to the inflation level, and although CPI is not its preferred inflation tracking method, it is very close.

Pavlik noted that stock futures would have fallen more if it weren't for higher-than-expected initial jobless claims. There could be many reasons for an increase in jobless claims, such as a hurricane or a strike, but the number has been rising, meaning the job market may not be as strong as some people think.

He also mentioned that the hurricane could make it more likely that the Federal Reserve will continue to cut interest rates to help the economy continue to move forward.