CPI Data Revealed
Tonight we will witness the unveiling of the CPI data together, let's see if it's a surprise or a shock!
At 9:30 PM Beijing time on December 11th, the CPI data for the US in November will soon be released.
This data comes at a crucial time, just days before the Federal Reserve's monetary policy meeting on December 17th and 18th, so its importance is self-evident. Tonight's CPI data will directly impact the Federal Reserve's upcoming interest rate decisions and policy direction.
Everyone is guessing that the year-on-year growth rate of the US CPI in November might slightly rise from last month's 2.6% to 2.7%, and the month-on-month growth rate might also increase from 0.2% to 0.3%.
If we exclude the impact of food and energy prices, the core CPI's year-on-year and month-on-month growth rates are expected to remain at 3.3% and 0.3%, respectively. This year-on-year growth rate has hovered between 3.2% and 3.3% for six consecutive months, still higher than the Federal Reserve's target of 2%.
Analysts generally believe that if tonight's CPI data is lower than expected, the possibility of a rate cut in December will increase, and the dollar may continue to decline.
Conversely, if the data is higher than expected, investors' hopes for a rate cut in 2025 may be dashed, and the dollar might rebound!
Tonight, let's wait and see what kind of market fluctuations this CPI data will bring!
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