The US November CPI data will be released at 21:30 tonight. The agency said that the CPI data is unlikely to change the Fed's recent policy.
On December 11, the US November CPI data will be released at 21:30 tonight, which is the last important data before the Fed's December meeting. The market is worried that if the data shows that the process of inflation decline has stagnated, it will stimulate the Fed to suspend the interest rate cut in December.
Pepperstone's senior research strategist Michael Brown said in a report that the US November CPI data to be released tonight is unlikely to substantially change the near-term outlook for the Fed's policy. A 25-basis-point rate cut next week seems to have been determined, and the labor market rather than price pressure is the main determinant of the current policy shift.
Economists surveyed by The Wall Street Journal expect the overall CPI year-on-year increase in November to accelerate from 2.6% in October to 2.7%, while the core CPI year-on-year increase is expected to remain unchanged at 3.3%.
