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构量观盘|星球首发,适配缠论 + 威科夫
构量观盘|星球首发,适配缠论 + 威科夫
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下周市场核心聚焦美国9月CPI,验证美联储“非连续加息”立场。当前10月议息加息概率仅19%,市场把再加息的博弈重心放在12月。多数官员保留年内加息可能性,但不支持连续会议加息。 周二联储官员哈马克、沃勒提前吹风,ADP就业、小企业信心、成屋销售陆续公布,从就业、地产侧面观察通胀韧性;欧佩克发布原油月报,指引油价走势。 周三是本周重中之重,9月CPI、核心CPI公布。核心CPI直接决定12月加息预期,数据走高将推升紧缩定价,通胀降温则关闭再加息窗口。多位联储官员将针对数据密集表态,IEA原油月报同步发布。 周四数据扎堆:初请失业金、PPI、零售销售、制造业指数出炉。PPI是通胀领先指标,零售销售反映美国消费热度。G20财长及央行行长会议召开,全球政策表态扰动市场风险偏好。 周五压轴为沃什IMF年会炉边谈话,是全周最高级别信号,将结合通胀数据对年末利率路径定调,同时公布工业产出、EIA原油库存等数据。 资产逻辑清晰:通胀超预期叠加鹰派讲话,美债、美元走强,美股、加密货币承压;通胀回落配合鸽派表态,风险资产将迎来情绪修复。
构量观盘|星球首发,适配缠论 + 威科夫
构量观盘|星球首发,适配缠论 + 威科夫
#CPI与PPI公布在即,加息预期迎考验 The upcoming release of CPI and PPI is key to verifying whether the Federal Reserve will raise interest rates again this year. The market focuses on core CPI and PPI, as the overall CPI influenced by oil prices has limited reference value. Inflation exceeds expectations: rate hike expectations rise, U.S. Treasury bonds and the dollar strengthen, risk assets come under pressure. Data meets expectations: expectations remain unchanged, assets continue to fluctuate and trade. Inflation clearly declines: expectations for further rate hikes are dismissed, yields fall, and risk asset sentiment recovers. The current market's main contention is whether to raise rates again, not to trade rate cuts.

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