Inflation Eases and Xi Visits as Markets Bet on Rate Cuts
- U.S. CPI lower than expected, leading to sharp market moves as rate cut expectations increase
- British inflation data due, seen dipping below 5% for first time since 2021
- Xi Jinping visiting U.S. to meet Biden, aimed at reducing friction
- China data beats expectations, boosting commodities like iron ore
- U.S. retail sales figures due, drop forecast - strong reading could dampen rate cut optimism