U.S. November CPI data will be released tonight at 21:30; institutions say CPI data is unlikely to change the Fed's recent policy

According to BlockBeats, the U.S. November CPI data will be released tonight at 21:30. This report is the last important data before the Fed's December meeting, and the market is concerned that if the data shows a stagnation in the inflation decline process, it could prompt the Fed to pause rate cuts in December.

Michael Brown, senior research strategist at Pepperstone, stated in a report that the U.S. 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 certain, with the labor market rather than price pressures being the main determining factor for the current policy shift.

Economists surveyed by The Wall Street Journal expect the overall CPI year-on-year growth in November to accelerate from 2.6% in October to 2.7%, while the core CPI year-on-year growth is expected to remain unchanged at 3.3%. (Jin Shi)