Breaking news!

At 21:30 tonight, two key data points will be released: the U.S. retail sales monthly rate and PPI! The combination of "moderate economic growth + continued decline in inflation" is expected to further strengthen expectations for a Fed rate cut, providing a critical catalyst for risk assets. A detailed interpretation is as follows:

1. Retail sales show hidden resilience: Core retail sales in the U.S. for September (excluding automobiles, gasoline, and dining) decreased by 0.49% month-on-month, while retail data excluding automobiles and gasoline fell by 0.66%, both significantly below the growth expectation of 0.6%. This performance does not indicate weak consumption, but rather that consumers are actively "recharging" after concentrating their spending during the back-to-school season, in preparation for the purchasing power needed for the year-end holiday shopping season, and subsequent consumption momentum still has support.
2. PPI cooling confirms inflation decline: The core PPI month-on-month rate for September turned negative to -0.1% (in line with market expectations), and the year-on-year rate dropped from 3.1% to 2.6%, indicating a significant alleviation of price pressures on the producer side. This signal suggests that consumer-side inflation is expected to further align with the Federal Reserve's 2% target, providing more room for monetary policy easing.

The current market is focusing on the Federal Reserve's direction for a rate cut in December. Despite differences within the FOMC, the combination of "moderate economy + cooling inflation" aligns perfectly with the core logic of policy easing, which will effectively alleviate concerns about the persistence of high interest rates and significantly boost expectations for rate cuts. Historical data shows that weak PPI usually drives cryptocurrencies like Bitcoin to strengthen, while also benefiting risk assets like U.S. stocks—previously, when the PPI data in August was below expectations, Bitcoin quickly surpassed $114,000. #Gate广场圣诞送温暖 #非农数据超预期 #反弹币种推荐 .