Markets Breath Sigh Of Relief After In-Line Inflation Data: Stocks Rebound As Small Caps, Bonds Soar
Markets Breath Sigh Of Relief After In-Line Inflation Data: Stocks Rebound As Small Caps, Bonds Soar
In response to the data, Investors can breathe a sigh of relief as October inflation data met economists' expectations, though the annual headline rate showed a slight uptick from the previous month.
投资者可以松一口气，因为十月份的通胀数据符合经济学家的预期，尽管年度核心指数略有上升，比上个月稍微增加。
As anticipated, the Consumer Price Index (CPI) rose 2.6% year-over-year in October, marking an increase from September's 2.4% but snapping six straight months of declines.
正如预期的那样，十月份消费者价格指数（CPI）同比上涨2.6%，高于9月份的2.4%，打破了连续六个月的下降趋势。
Excluding food and energy, core inflation held steady at 3.3% for the third consecutive month, highlighting some stickiness in underlying price pressures that remain above the Fed's 2% target.
除食品和能源外，核心通胀率连续第三个月保持在3.3%，凸显出一些基础价格压力的坚挺，仍高于联邦储备的2%目标。
In response to the data, speculators raised their expectations for an interest-rate cut, with increased bets on a 25-basis-point reduction in December. Market-implied probabilities now indicate a 79% likelihood of a December rate cut, up from 58% before the CPI report, as per the CME FedWatch tool.
对于这些数据的反应，投机者提高了对降息的预期，增加了对12月份降息25个基点的押注。市场隐含的概率现在表明，12月份降息的可能性为79%，而在CPI报告发布之前为58%，根据CME的FedWatch工具显示。
Following the release, Minneapolis Fed President Neel Kashkari expressed optimism about inflation's trajectory, stating on Bloomberg TV, "I have confidence inflation is headed in the right direction."
在数据发布后，明尼阿波利斯联储主席尼尔·卡什卡里对通胀走势表示乐观，在彭博电视台表示：“我相信通胀正在朝着正确的方向发展。”
On Tuesday, Kashkari had flagged the risk of a rate pause in December if inflation data surprises to the upside.
卡什卡里周二提到，如果通胀数据出人意料地上升，可能会导致12月的利率暂停。
"I am not yet seeing a lot of upside inflation risks; the bigger risk is getting stuck," he added on Wednesday.
他在周三补充道：“我还没有看到很大的上行通胀风险；更大的风险是陷入僵局。”
Markets reacted positively, with U.S. equity futures slightly rising, while Treasury yields and the dollar eased amid increased rate-cut expectations.
市场积极反应，美国股指期货略有上涨，而国债收益率和美元因加剧的降息预期而下跌。
Market Reactions
市场反应
- The S&P 500, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), was 0.2% higher.
- The Nasdaq 100, followed by the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), inched 0.15% higher.
- Small caps outperformed large-cap counterparts, as the iShares Russell 2000 (NYSE:IWM), rallied 1.1% minutes ahead the New York open.
- Top-performing S&P 500 stocks during the premarket trading were Charter Communications Inc. (NASDAQ:CHTR), GE Vernova Inc. (NYSE:GEV) and Albemarle Corp. (NYSE:ALB) up 5.7%, 4% and 3.7%, respectively.
- Skyworks Solutions Inc. (NASDAQ:SWKS), Fair Isaac Corp. (NYSE:FICO) and Bio-Techne Corp. (NASDAQ:TECH) were the laggards, down 6.7%, 4.1% and 2.8%, respectively.
- Gold prices rose 0.3%, following three straight sessions of declines.
- The U.S. dollar index (DXY) slightly eased 0.1%.
- Treasury-linked ETFs rose, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) up by 0.7%.
- 标普500指数，由SPDR标普500etf信托基金（纽交所：SPY）跟踪，上涨0.2%。
- 纳斯达克100指数，由Invesco QQQ信托系列1（纳斯达克：QQQ）跟踪，微涨0.15%。
- 小市值股表现优于大市值对手，iShares Russell 2000（纽交所：IWM）在纽约开盘前一分钟上涨了1.1%。
- 盘前交易中表现最佳的标普500股有特许通讯公司（纳斯达克：CHTR），GE Vernova公司（纽交所：GEV）和阿尔伯马尔公司（纽交所：ALB），分别上涨了5.7%，4%和3.7%。
- Skyworks Solutions公司（纳斯达克：SWKS），Fair Isaac公司（纽交所：FICO）和Bio-Techne公司（纳斯达克：TECH）是表现不佳的股票，分别下跌了6.7%，4.1%和2.8%。
- 黄金价格上涨了0.3%，在连续三个交易日下跌之后。
- 美元指数（DXY）略微下降了0.1%。
- 国债etf上涨，iShares 20+年期国债etf（纳斯达克:TLT）上涨0.7%。
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