🔥🔥Crypto on Fire🔥🔥U.S. Inflation Impact on Markets Diminishes as Fed Focuses on Labor Market🚀🚀

Excerpt from Binance NewsRoom

According to Odaily, Pepperstone strategist Michael Brown has indicated in a report that the monthly overall inflation data in the United States no longer exerts a significant impact on the markets as it did earlier in the current cycle. This shift is attributed to the Federal Reserve's confidence in inflation progressing towards the 2% target on a sustainable basis over the medium term. Consequently, the Federal Reserve has shifted its focus, making developments in the labor market a key driver for future policy changes.

A survey conducted by The Wall Street Journal reveals that the overall inflation rate for October is expected to be 2.6%, which is an increase from September's rate of 2.4%. This anticipated rise in inflation underscores the evolving economic landscape and the Federal Reserve's strategic pivot towards labor market conditions as a determinant for policy adjustments. The central bank's approach reflects a broader understanding of economic indicators, emphasizing the importance of employment trends in shaping monetary policy decisions.

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