MARKET OUTLOOK - US Inflation Figures Do Not Trigger Major Market Movement

Forex - Michael Brown from Pepperstone argued that the monthly US headline inflation figures are not causing as significant market movements as they did at the beginning of the cycle. The strategist noted that the primary reason for this is the Fed's efforts to gain sufficient confidence that inflation will sustainably progress towards the 2% target in the medium term, pointing out that developments in the labor market are becoming the main driving force for future policy changes. According to a Wall Street Journal survey, headline inflation is expected to rise from 2.4% in September to 2.6% in October.