Inflation at 3.0% y/y for September versus expectations of 3.1% is slightly softer than consensus, though still above the Federal Reserve's target.


Markets are interpreting this as a mildly dovish signal: the probability of a rate cut at the upcoming meeting remains very high, equity futures are up, while UST yields and the dollar are down.

This is overall positive for risk assets (equities, credit, BTC/crypto).
BTC0.21%
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