The US November CPI data will be released tonight at 21:30. Institutions say this CPI data is unlikely to change the Fed's recent policies.

This report is the last important data before the Fed's December meeting, and the market fears that if the data shows a stagnation in the inflation decline process, it will prompt the Fed to pause interest rate cuts in December. Michael Brown, a senior research strategist at Pepperstone, stated in a report that the US November CPI data to be released tonight is unlikely to materially change the Fed's near-term policy outlook. A 25 basis point rate cut next week seems to be a certainty, with the labor market rather than price pressures being the main determinants of the current policy shift. Economists surveyed by the Wall Street Journal expect the overall CPI year-on-year increase in November to accelerate to 2.7% from 2.6% in October, while the core CPI year-on-year increase is expected to remain unchanged at 3.3%.

Personally, I also predict whether tonight's data will be good or bad, follow me to see my previous article to know whether tonight is bullish or bearish.