US Labor Department data: September headline CPI +3.7% YoY (Aug 3.4%), core CPI +2.6% YoY (Aug 2.4%). Bai Xue, deputy research director at Dongfang Jincheng, said September’s rebound and broader price pressures—driven by an energy shock and sticky core inflation—leave the path back to the 2% target uneven. The inflation pickup bolsters the case for further Fed tightening this year, though cooling labor and tighter financial conditions limit the pace. She expects the Fed to pause in October and a

US Labor Department data: September headline CPI +3.7% YoY (Aug 3.4%), core CPI +2.6% YoY (Aug 2.4%). Bai Xue, deputy research director at Dongfang Jincheng, said September’s rebound and broader price pressures—driven by an energy shock and sticky core inflation—leave the path back to the 2% target uneven. The inflation pickup bolsters the case for further Fed tightening this year, though cooling labor and tighter financial conditions limit the pace. She expects the Fed to pause in October and assigns higher odds to a 25bps hike in December.