Analyst: US CPI Data Provides Support for Fed to Continue Rate Cuts

Odaily News According to Adam Button, an analyst at the US financial website investinglive, commenting on the US CPI data, after the CPI data release, market pricing for the Federal Reserve showed a slight dovish shift, with the US dollar weakening accordingly, and S&P 500 index futures erasing earlier losses. It is noteworthy that due to the government shutdown, October CPI data was missing, and the November data collection started later than usual, covering more seasonal holiday discounts. Economists generally warn that these disruptions may have artificially suppressed the reading. Meat prices became a prominent focus, soaring 8.9% year-on-year, the largest increase since 2022, with fresh ground beef prices rising nearly 15%. Although this lower-than-expected report was welcomed by the market and provides support for the Federal Reserve to continue cutting rates, analysts emphasize that the December report will more clearly reveal the underlying inflation trend. (Jin10)