Preview: Tonight the market focuses on CPI data, and next week's interest rate cut expectations are hard to shake.

On October 24, at 20:30 Beijing time, the U.S. will release the unadjusted CPI year-on-year for September, the seasonally adjusted CPI/core CPI month-on-month for September, and the unadjusted core CPI year-on-year for September. Due to the U.S. government shutdown, the release of most official data has been frozen, and this week, the market's focus is entirely on Friday's CPI data, which is the only economic indicator the Fed can refer to before restarting its policy statements. Although the September CPI report may show persistent inflation, investors may overlook this signal, as the money market is preparing for the Fed's interest rate cut next week. Emily, founding partner of Bowersock Capital Partners: “Since the Fed may be more focused on the labor market, it is expected that Friday's CPI will not have a significant impact on the Fed's decision next week. We may see two rate cuts this year, in October and December.”