Regarding the upcoming US September CPI data, there are some important forward-looking and market factors to consider:

1. Impact of non-farm data: Last week's non-farm data exceeded expectations, showing that the US labor market remains strong. Such a strong job market usually means strong consumption power, which may in turn increase inflationary pressure. Therefore, the non-farm data may suggest that the inflation data in September will be higher, supporting the Fed's stance of continuing to maintain a high interest rate policy.

2. RMB exchange rate: Currently, the exchange rate of RMB to US dollar is 7.06, showing the recent stability of RMB. The strength of the US dollar reflects that global capital flows are still biased towards the United States, especially when the Fed maintains high interest rates. This capital inflow may curb the room for RMB appreciation, but if there is uncertainty in the US economy or changes in global risk appetite, funds may shift to other markets, such as East Asia, leading to RMB appreciation. However, the current strong position of the US dollar suggests that the Fed is not in a hurry to cut interest rates.

3. The possibility of inflation rebound: Due to rising energy prices and service costs, the possibility of a rebound in CPI in September is relatively high. In particular, the rise in oil prices may continue to push inflation beyond expectations. In addition, housing and food prices may still exert upward pressure on inflation. These factors increase the possibility of inflation higher than market expectations.

4. Policy stance: One of the Fed's policy goals is to curb inflation by maintaining high interest rates. If the September CPI exceeds expectations, the Fed will have more reasons to continue the current tightening policy. The outflow of funds from the United States and the rapid appreciation of currencies such as the RMB are not what US policymakers want to see, so maintaining relatively high interest rates is an important means to keep the dollar attractive and funds in the United States.

September inflation data may be slightly higher than expected due to factors such as rising energy prices, a strong job market, and the continued impact of housing costs. The Fed is unlikely to cut interest rates quickly in the short term, and the strength of the US dollar and the relative stability of the RMB reflect that global capital flows are still biased towards the US market. #币安LaunchpoolSCR #SCR新币挖矿开始！ #大A香还是大饼香