Fed Cut Odds Rise: ASX Set to Open Higher Ahead of CPI and Trump-Xi Talks

U.S. President Donald Trump and China's President Xi Jinping arrive for a state dinner at the Great Hall of the People in Beijing, China, November 9, 2017. REUTERS/Jonathan Ernst

A Constructive Risk Tone

Wall Street closed stronger after a cooler US core inflation print lifted odds of a near-term Fed cut. ASX futures point to a firmer open (~+0.3%), setting the stage for a week where policy and politics share the spotlight: Australia's quarterly CPI and the first Trump-Xi meeting since 2019.

What's driving the bid

US disinflation revived the "cut soon" narrative. September core inflation slowed to its softest pace in three months. Futures now ascribe high odds to a Fed. . .

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