[Expectations for a Fed rate cut in 2025 rise, possibly because preferred indicators show slowing price pressures] Golden Finance reported that the inflation indicator favored by the Federal Reserve was mild in November, a step in the right direction for policymakers to seek further rate cuts in 2025. The data should help ease concerns among Federal Reserve officials about the inflation outlook. Federal Reserve officials released updated forecasts this week showing higher prices and interest rates in 2025. These new forecasts triggered a sell-off in U.S. stocks as investors have digested expectations of tighter policy. Details on prices show a broad slowdown in inflation. Core service prices (a closely watched category that excludes housing and energy) rose 0.2% month-on-month, the lowest level since August. Core commodity prices (excluding food and energy) fell for the first time in three months. (Jinshi)