Two key data points will be released at 9:30 tonight - retail sales and PPI. From the current expectations, it is likely to form a "not overheating economy + cooling inflation" perfect combination, which is very favourable for interest rate cut expectations.

First, let's talk about retail data. In September, U.S. retail sales, excluding automobiles and gasoline prices, fell by 0.66% month-on-month. If we also exclude food services, the core data dropped by 0.49%. This is quite a significant difference from the market expectation of a 0.6% increase. The reason is easy to understand—after the back-to-school season, consumers spent a wave of money and then held back, saving up for holiday shopping.
Looking at the price pressure on the production side, the September PPI core month-on-month rate turned negative to -0.1%, and the year-on-year rate dropped from 3.1% to 2.6%. The price pressure on the producer side is clearly easing, which means that the inflation pressure on the consumption side will also decrease in the coming months.
This combination of data actually aligns perfectly with the market's expectations. Since there are signs of economic growth slowing down and inflation is retreating, the reasons for the Federal Reserve to maintain high interest rates are even weaker. Once expectations for interest rate cuts heat up, risk assets like U.S. stocks and the crypto market typically react first.
The market is expected to have significant fluctuations tonight. Friends who are trading short-term should remember to manage their positions well. ASTER ZEC and these assets can be重点关注下后续走势. #Gate广场圣诞送温暖