Analysts: U.S. inflation report drives bond markets to roar early, but the details are hidden in crisis

According to Bijie.com, on September 11 (UTC+8), institutional analysts said that it is not surprising that the bull market in the bond market has steepened after the CPI report was released. We expect interest rates to eventually fall to 100 basis points as expectations of further rate cuts heat up. Although the overall inflation data matches economists’ expectations, there are some price pressures in the details. In addition to car repairs and air tickets, the prices of fruits and vegetables rose by 1.6% month-on-month, the prices of automobile fuel rose by 1.8%, and the prices of tobacco rose by 1.0%. It should be clear that inflation data will not prevent the Fed from cutting interest rates overall, but it is clear that the report shows that inflationary pressure does exist in some areas of the economy. In addition, household food prices rose by 0.6% that month, the biggest increase in the past three years, and the United States is now a net importer of food, so this category may be greatly affected by tariffs. In the grocery category, meat prices rose 2.7%, the biggest gain in the past four years, driven mainly by beef.