The US markets are on our agenda with the US CPI data for September set to be released on Thursday.
Based on earlier forecasts by Bloomberg, the headline consumer price index is expected to moderate slightly from 8.3 per cent on-year in August to 8.1 per cent on-year in September. Meanwhile, the more closely watched core inflation is set to rise from 6.3 per cent to 6.5 per cent on-year for September.
So would the decline in headline inflation alone offer any form of reassurance for the Fed to ease off the brakes in its upcoming policy meeting?
On Market View, Prime Time’s finance presenter Chua Tian Tian spoke with Azeem Sheriff, Markets Analyst at CMC Markets APAC & Canada to find out what to expect on Thursday and the likely market reaction.