[Royal Bank of Canada: Inflation report shows no signs of stopping the Fed from cutting interest rates again] Golden Finance reported that Nathan Janzen, an analyst at Royal Bank of Canada, said that the increase in CPI in October was roughly in line with market expectations and should not prevent the Fed from cutting interest rates again in December. Janzen pointed out that the Fed is still highly data-dependent, and there will be another month of inflation and labor market data to be released before the next policy decision, but his basic forecast is that the Fed will cut interest rates by 25 basis points in December, and then cut interest rates by another 25 basis points in January next year, and then suspend interest rate cuts for the rest of 2025. Janzen said that the inflation rate has slowed down from earlier this year and the labor market has gradually softened, which shows that even if the US economy is resilient and the government's huge budget deficit has an impact on inflation, the current interest rate is still higher than needed to fully and sustainably return prices to the Fed's 2% target level.