Is Inflation Cooling or Still Sticky? Two Ways to Read Tuesday's CPI

The US October CPI comes out Tuesday at 21:30 Beijing time. The market broadly expects headline month-over-month inflation to slow from September's 0.6%, with core CPI MoM around 0.2%. Because of last year's government shutdown, much of the year-over-year data will be missing, so the monthly figures and component breakdowns matter more. Friday's nonfarm payrolls came in far above expectations, and markets have already raised their bets on a December rate hike. A clearly hotter-than-expected print could strengthen the case for a hike and weigh on Bitcoin and other crypto assets, rate-sensitive tech stocks and gold. A clearly softer print could cap further rate gains and give risk assets some breathing room. Will this CPI lock in a rate hike, or ease inflation fears? What's your take? Allocate flexibly across core US tech stocks and diversified RWA portfolios on Bitget for efficient cross-asset allocation and precise risk hedging: https://www.bitget.com/promotion/futures-rwa