GBPUSD If it hits the port and will be slightly reduced
The just-released minutes of the Federal Reserve's September policy meeting show that Fed officials are taking a more cautious stance on the issue of raising interest rates. But most policymakers generally agree that interest rates need to remain high until inflation actually cools.
Investors' attention will be focused on the upcoming release of the US consumer price index (CPI) data for September. U.S. CPI is expected to rise 3.6% year over year, while core CPI (excluding food and energy prices) increased 4.1%, lower than the same period last year. In August, the values were 3.7% and 4.3%, respectively. But a better-than-expected result could show that U.S. inflation pressures remain and increase the likelihood that the Fed will tighten monetary policy further. The U.S. producer price index (PPI) had previously recorded a stronger rise in September than experts expected.
Investors' attention will be focused on the upcoming release of the US consumer price index (CPI) data for September. U.S. CPI is expected to rise 3.6% year over year, while core CPI (excluding food and energy prices) increased 4.1%, lower than the same period last year. In August, the values were 3.7% and 4.3%, respectively. But a better-than-expected result could show that U.S. inflation pressures remain and increase the likelihood that the Fed will tighten monetary policy further. The U.S. producer price index (PPI) had previously recorded a stronger rise in September than experts expected.
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