AI Data Insight

The latest US Q3 non-food CPI recorded 331.383, a slight decline from the previous Q2 reading of 331.486, showing a downward trend for two consecutive months. This data reflects downward revisions in energy prices and cooling in core services, outperforming market consensus. The fading inflation pressure further dismantles expectations of the Federal Reserve resuming rate hikes in the near term, boosting the short-term easing trade sentiment.

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