According to BlockBeats, on September 12, a report from China International Capital Corporation (CICC) indicated that while the overall Consumer Price Index (CPI) in the United States continues to slow down, the core CPI has rebounded for the second consecutive month.
This rebound, particularly in rent and core services inflation (supercore), has drawn significant market attention. The inflation data essentially confirms a 25 basis point rate cut by the Federal Reserve in September but does not support a more substantial easing. The baseline scenario remains a soft landing for the U.S. economy, albeit with persistent inflation, which may lead to a stop-and-go approach to rate cuts by the Federal Reserve. This suggests that the current market pricing for significant rate cuts may be overly aggressive, posing a risk of future adjustments.