The Last Battle of the Federal Reserve's Rate Cuts in December! Will Tonight's CPI Be a Surprise or a 'Shock'?

Today, the volatility is low, moving very slowly, as everyone is waiting for tonight's data. The November CPI data will be the latest test to measure whether inflation's resurgence will endanger the U.S. economy, as the Federal Reserve has already cut rates by a total of 75 basis points in 2024 and is currently discussing the last interest rate decision of the year.

The report is scheduled to be released at 9:30 PM Beijing time on Wednesday, and the market expects to show that the overall inflation rate year-on-year will rise to 2.7%, slightly higher than October's 2.6%, and the month-on-month growth rate will increase by 0.3%, also higher than October's 0.2%.

Excluding volatile costs such as food and gasoline, the core CPI is expected to rise by 3.3% year-on-year in November, reaching this level for the fourth consecutive month, with the month-on-month growth rate remaining the same as last month's 0.3%. #BTC投资案未获微软股东同意