According to Odaily Planet Daily, Wall Street trading desks expect Thursday's release of the US Consumer Price Index (CPI) to show inflation on the high side, but with employment data central to the market narrative, they don't anticipate significant stock market volatility. Stuart Keiser, head of US equity trading strategy at Citigroup, said options traders are betting the S&P 500 will fluctuate by about 0.7% in both directions following the CPI release. This is lower than the 0.9% average daily CPI volatility over the past year and lower than the market's expected volatility for the next jobs report on October 3rd. Keiser even believes this implied volatility is still too high. It all comes down to how traders deduce the Federal Reserve's interest rate path. US employment data has shown signs of weakness that threaten economic growth, leading the market to anticipate the Fed will cut the federal funds rate by 25 basis points at the conclusion of its September 17th meeting, with the possibility of further rate cuts in its October and December meetings. (Jinshi)