The U.S. inflation data for November released last night was basically in line with expectations, and this data release triggered a series of market reactions. The U.S. November CPI data shows a nominal CPI year-on-year increase of 2.7%, up 0.1 percentage points from the previous month. This marks the first time since March that nominal CPI has accelerated its year-on-year growth for two consecutive months. This data meets market expectations and further strengthens traders' expectations of a 25 basis point rate cut by the Federal Reserve next week, while also slightly increasing bets on further cuts in January. However, the general view on Wall Street is that rate cuts may pause in January next year. This reflects some divergence in market expectations regarding the Federal Reserve's monetary policy adjustments, and also indicates that the market is closely monitoring economic data and policy direction to seek clearer investment guidance. The U.S. November inflation data meeting expectations has stabilized the market's judgment on the economic fundamentals to some extent. The expectations for the Federal Reserve's rate cuts have been influenced, and the adjustments in market expectations reflect a comprehensive consideration of economic growth and inflation pressures. The current financial market and economic situation is filled with complexity and uncertainty. Inflation data impacts the Federal Reserve's monetary policy decisions, the divergence in the stock market shows the development trends of different industries and companies, the performance of global assets reflects the supply and demand relationships of various asset classes and investor sentiment, while the remarks and policy inclinations of political figures may have profound impacts on the economy and markets. Therefore, as market participants, we need to closely monitor these dynamics. #美联储12月降息预期上升