Tonight at 21:30 Beijing time, the US will release its October CPI. 1. Market expectations are for a month-on-month increase of approximately 0.3% and a core increase of approximately 0.2%, both lower than September's 0.6% and 0.3% respectively. Because of the government shutdown during the same period last year, there is no year-on-year data this time, so the market will focus more on the month-on-month figure. 2. This is the last CPI report before the December interest rate meeting; the November report won't be released until December 10th, while the interest rate meeting is on December 8th-9th. 3. Gasoline prices have already fallen by more than 4% in October, and oil prices dropped again last night. Whether this will continue to be reflected in price levels depends on the data itself. BTC