The U.S. CPI for September was released today, which may be difficult to influence the Fed's interest rate cut expectations

Although the U.S. CPI report for September may show that inflation is stubborn, investors may ignore this sign. Money markets are preparing for a rate cut by the Federal Reserve next week. Emily, founding partner of Bowersock Capital Partners, believes that Friday’s CPI is one of the few economic data due to the government shutdown.
She said the Fed may pay more attention to the labor market, and Friday's CPI is not expected to have much impact on the Fed's decision next week. There may be two interest rate cuts this year, in October and December.