The US unadjusted CPI annual rate in September was 2.4%, which was the sixth consecutive month of decline and the lowest since February 2021, but higher than the market expectation of 2.3%. There is still a little negative news at the market level, but the problem will not be too big.

According to CME "Fed Watch", the probability of the Fed cutting 25 basis points by November is 83.3%, and the probability of maintaining the current interest rate unchanged is 16.7%.