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THE MOST IMPORTANT EVENT OF THIS WEEK 🚨 On 24th October, US CPI data will be released despite the US government shutdown. The expectations for US CPI is 3.1%, while the previous data came at 2.9%. Why is this important? As we know, the Fed decides its monetary policy based on inflation and unemployment. The jobs market is already screwed and calling for more rate cuts. Also, the FOMC meeting is happening next week, which means the Fed will be closely watching the CPI data. If CPI comes lower than expected, expect a rate cut along with dovish Fed language. If CPI comes higher than expected, the rate cut could still happen, but Fed language will be cautious.

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