The United States releases September PPI and retail sales data tonight

The United States will release September PPI and retail sales data tonight at 20:30 (UTC+8). The market expects the overall PPI to rise by 0.6% month on month in September, and the core PPI to rise by 0.3% month on month. Bill Adams, Chief US Economist at Fifth Third Commercial Bank, believes that strong PPI data increases the likelihood of the Federal Reserve raising interest rates in October. The rise in energy costs is positively transmitted to the enterprise side, and investors are concerned about the impact of data on the Federal Reserve's interest rate hike pricing and market conditions.