CICC: The Federal Reserve may cut interest rates by 25 basis points in October and December

According to ChainCatcher news, Jin10 reported that the CICC research report stated that the U.S. September CPI seasonally adjusted increased by 0.3% month-on-month and rose to 3% year-on-year. The core CPI increased by 0.2% month-on-month and rose by 3% year-on-year, which is below market expectations. The report pointed out that rent and used car prices have a significant drag, reflecting weakened demand. Overall, the inflation data is relatively mild, supporting the Federal Reserve to continue cutting interest rates, with an expected reduction of 25 basis points in both October and December.