The US will release the September CPI report on Thursday (12th). The market expects the overall annual inflation rate to fall to 3.6% from 3.7% in August. Overall, the inflation trend is downward, but the author believes that the data may show the risk that inflation will soar again. This article will use the InvestingPro Stock Selector to find out some of the most worthwhile stocks to hold during periods of strong inflation. In the midst of market turmoil, how to break the game? InvestingPro members have exclusive access to a wealth of strategies, no matter what the circumstances, they won't get lost.
Yingwei Financial Investing.com - The focus of US stocks today is on much-watched inflation data. This data may determine the fluctuating market trend in recent weeks.
This summer, the S&P 500 index once rose less than 4% from the historic high it hit in January 2022, but since then, under pressure that restrictive interest rate policies may continue for longer than expected, the S&P index continued to be under pressure.
(US S&P 500 Index Daily Chart)
Before the CPI data was released, the Fed's interest rate monitoring tool on Yingwei Financial Investing.com showed that the financial market believed that the probability that the Fed would maintain the current interest rate level in November was 88%, and the possibility of raising interest rates by 25 basis points was only 12%.
For December, they expect a 70% chance of suspending interest rate hikes and a 30% chance of raising interest rates.
As the Bank of America's decisions increasingly rely on economic data to assess next steps, today's CPI inflation...