On October 14, local time, the US Labor Administration released the US CPI data for September 2026. Donghai Securities said that the US CPI exceeded expectations in September. In terms of non-core inflation, oil prices rose sharply in September. The rise in the energy segment was within expectations, while food prices were relatively stable. In terms of core inflation, driven by used cars, trucks, services, etc., the rise in core commodities is accelerating, and services are driven by housing, medical care, air tickets, etc., and are highly sticky. Core inflation exceeded expectations month-on-month and spread in breadth, but there is also uncertainty about the continuation of increases in important segments such as housing, used cars, and trucks. Furthermore, recent statements by Federal Reserve officials have also been divided, and the signals for forward-looking guidance are vague. It is expected that the Federal Reserve may still suspend interest rate hikes in October, raise interest rates once in December, and there is still uncertainty about whether to start a continuous rate hike cycle in 2027.

On October 14, local time, the US Labor Administration released the US CPI data for September 2026. Donghai Securities said that the US CPI exceeded expectations in September. In terms of non-core inflation, oil prices rose sharply in September. The rise in the energy segment was within expectations, while food prices were relatively stable. In terms of core inflation, driven by used cars, trucks, services, etc., the rise in core commodities is accelerating, and services are driven by housing, medical care, air tickets, etc., and are highly sticky. Core inflation exceeded expectations month-on-month and spread in breadth, but there is also uncertainty about the continuation of increases in important segments such as housing, used cars, and trucks. Furthermore, recent statements by Federal Reserve officials have also been divided, and the signals for forward-looking guidance are vague. It is expected that the Federal Reserve may still suspend interest rate hikes in October, raise interest rates once in December, and there is still uncertainty about whether to start a continuous rate hike cycle in 2027.