TREE NEWS reports: CICC said US September CPI rose 0.6% month-on-month and 3.7% year-on-year, with core CPI up 0.3% and 2.6%, both rebounding from the prior month and beating expectations. The brokerage said broad price pressures from energy, core goods and rents strengthen the case for further Fed tightening, but higher Treasury yields and a stronger dollar have already tightened financial conditions. CICC expects the Fed to hold in October and act again in December, adding that slower hikes do not mean a pivot to easing.
CICC: Fed May Hold in October, Hike Again in December
AI take
CICC's call for a hold in October followed by a December hike underscores how the Fed is being pulled between sticky inflation and tighter financial conditions already doing some of the work. The rebound in both headline and core CPI, driven by energy, core goods and rents, complicates any near-term pause narrative. What matters is whether the Fed treats rising Treasury yields and dollar strength as sufficient tightening to delay action, or whether persistent price pressures force its hand regardless.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
4m ago
UK 10-Year Gilt Yield Holds at 5.132% After BOE’s First Rate Hike Since 2023
6m ago
US Sanctions 2 Individuals, 6 Companies, 2 Ships Over Cuba
12m ago
Paraguay President Peña Resigns Amid Bank Seizure Crisis
18m ago
LME copper falls $168 to $13,844/tonne; aluminium gains $17
22m ago
US Defense Secretary Hegseth May Face Impeachment as Early as Next Week
24m ago
German 10-year Bund yield falls 3.1 bps to 3.241% as AI stocks slump