Last night, the United States announced the CPI data for November, and the results were generally in line with market expectations.

Specifically, the unadjusted core CPI year-on-year rate for November was 3.3%, with a month-on-month rate of 0.3%, which was consistent with market expectations and flat compared to the previous month. At the same time, the unadjusted CPI year-on-year rate for November was 2.7%, with a month-on-month rate also at 0.3%. Although it met expectations, it showed an increase compared to the previous month.

After the release of this data, the market's expectations for the Federal Reserve to cut interest rates in December rose to 98%, indicating that a rate cut in December is almost certain. #美联储12月降息预期上升