#CPI数据前瞻 #WCTCS9 U.S. October CPI is expected to cool significantly, with the month-over-month increase roughly half that of September. The data will be released at 9:30 p.m. Beijing time on November 10.

Market expectations
Headline CPI: Up about 0.3% month over month, versus 0.6% in September.
Core CPI: Up about 0.2% month over month, the smallest increase in three months.
Year over year: Prices were not collected in the same month last year, so no year-over-year figure will be released this time; only the month-over-month figure will be available.

Why the outlook is relatively optimistic
Price increases for used cars and consumer electronics have slowed; both had previously been driven up by the AI boom.
Housing costs, a major component, have seen the rate of increase fall by about one-third from its September peak.

Impact on the Fed and markets
This is the last inflation report before the December 8–9 rate-setting meeting and will directly affect rate-hike expectations.
October nonfarm payrolls rose by 165k, stronger than expected, giving the Fed confidence to keep curbing inflation.
So even if CPI comes in as expected, that may not be enough to trigger a policy shift.
After the data is released, the main focus will be how far it deviates from market expectations: a figure well below 0.3% usually supports stocks and Treasuries, while a figure above 0.3% would fuel rate-hike expectations and put greater pressure on tech stocks.