US Inflation Holds Steady, Fed Faces Challenges Ahead
US Inflation Holds Steady, Fed Faces Challenges Ahead
MIDF Research anticipates that while the Fed will likely maintain an easing stance amid moderating inflation and a cooling job market, rate cuts may proceed gradually. With October's CPI uptick signalling that inflation challenges persist, the Fed is expected to adopt a cautious approach to prevent inflation from rebounding as the economy remains resilient.
US inflation showed resilience in October, maintaining pressure on Federal Reserve (Fed) policymakers as they work to manage price stability. The core consumer price index (CPI), excluding volatile food and energy costs, rose 0.3% for the third consecutive month, according to the Bureau of Labor Statistics (BLS).
美國在十月份的通貨膨脹顯示出韌性，給聯儲局（Fed）政策制定者帶來了壓力，他們努力管理價格穩定。根據勞工統計局（BLS）的數據顯示，核心消費價格指數（CPI）在排除波動性較大的食品和能源成本後，連續第三個月上升了0.3%。
MIDF Amanah Investment Bank Bhd (MIDF Research) noted that overall CPI inflation held at a steady 0.2% month-on-month for the fourth straight month, aligning with market expectations. Annually, headline inflation ticked up slightly to 2.6% year-on-year in October, marking the first rise in seven months. Core inflation remained steady at 0.3% month-on-month, while the annual rate held at 3.3%, as projected.
MIDF Amanah投資銀行有限公司（MIDF研究）注意到，整體消費者物價指數（CPI）通脹連續第四個月保持在0.2%的穩定水平，與市場預期相符。年率方面，十月份的頭條通脹微微上升至2.6%，標誌着七個月來的首次上升。核心通脹保持在0.3%的月度水平，同時年率維持在3.3%，如預期。
Service-based inflation, particularly in shelter, transportation, and medical care services, continued its upward trend with a 0.3% monthly increase and a 4.8% annual rise. Food prices eased to a 0.2% month-on-month increase, while energy prices levelled off after previous declines. Notably, used car prices surged by 2.7% monthly but remained 3.4% lower year-on-year.
以服務爲基礎的通脹，特別是在住房、運輸和醫療保健服務方面，持續上升，月度增加0.3%，年率上升4.8%。食品價格放緩至月度上漲0.2%，而能源價格在之前的下降後持平。值得注意的是，二手車價格月度激增2.7%，但年率上仍低於3.4%。
MIDF Research anticipates that while the Fed will likely maintain an easing stance amid moderating inflation and a cooling job market, rate cuts may proceed gradually. With October's CPI uptick signalling that inflation challenges persist, the Fed is expected to adopt a cautious approach to prevent inflation from rebounding as the economy remains resilient.
MIDF研究預計，儘管聯儲局可能會在通脹溫和和就業市場降溫的情況下保持寬鬆立場，但利率可能會逐步降低。十月份CPI的上升信號表明通脹挑戰依然存在，預計聯儲局會採取謹慎的態度，以防止通脹在經濟保持彈性的情況下回升。
譯文內容由第三人軟體翻譯。
