Pepperstone strategist Michael Brown said in a report that the monthly headline inflation data in the United States does not have as big an impact on the market as it did in the early stages of this cycle. This is mainly because the Fed is confident that inflation will move towards its 2% target on a sustainable basis in the medium term. Subsequently, the Fed turned to making the development of the labor market the key driver of future policy changes. (Wall Street Journal) The survey shows that the annual rate of headline inflation is expected to be 2.6% in October, up from 2.4% in September. (Jinshi) #zachxbt