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2024-12-13 02:43:50

When the Fed became cautious about cutting interest rates, the inflation rate in the United States rose to 2.7% in November, and the inflation rate in the United States rose to 2.7% in November, which was in line with economists' expectations and higher than the level of 2.6% in October. The data highlights people's concerns about sticky inflation after inflation rose in October. It is widely expected that the Fed will cut interest rates by 25 basis points for the third time in a row next week, but the pace of interest rate cuts next year is uncertain, because the Fed is striving to achieve the dual mission of keeping the inflation rate close to 2% and maintaining a healthy labor market. As interest rates reach a more "neutral" level, that is, high enough to curb inflation but low enough to protect the labor market, officials have discussed slowing down the pace of interest rate cuts. They say that if we act too fast, inflation may stay above the 2% target, but if we act too slowly, the unemployment rate may rise sharply.UN Secretary-General Guterres: I fully believe that the Syrian people can choose their own destiny.US officials said that the United States is focused on providing Ukraine with the air defense system it needs to defend against Russian missiles and drones.


Market News: Ukrainian President Zelensky used his first meeting with Donald Trump since the US election to show that Ukraine needs security in any negotiations to end the Russian-Ukrainian conflict.US officials said that the United States is focused on providing Ukraine with the air defense system it needs to defend against Russian missiles and drones.The UN Secretary-General visited South Africa and called on the G20 to reform global financial institutions. On December 11th, local time, UN Secretary-General Guterres visited South Africa and attended the first meeting of G20 finance ministers and central bank governors in Johannesburg after South Africa assumed the rotating presidency of G20. Guterres called on the G20 to achieve financial justice, reform global financial institutions and expand the global safety net. He also expressed support for South Africa as the rotating presidency of G20. In the afternoon, Guterres met with South African Foreign Minister Lamora in the South African Foreign Ministry Building. The two sides discussed the priorities of the G20 presidency, promoted the implementation of future agreements, and ensured the accelerated realization of sustainable development and climate commitments. (CCTV News)


Analyst Curran: There are almost no surprises in today's CPI data. The housing index rose by 0.3% in November, accounting for nearly 40% of the monthly increase in all projects.Analyst Anstey: Today's CPI data will hardly change anyone's prospects. However, those who still think that the Fed will remain inactive next week may reconsider, because inflation is not worse than expected. This seems to give the green light to cut interest rates by 25 basis points on December 18th.Zamrazilova, Deputy Governor of the Czech Central Bank: I hope to see the inflation rate drop in January, and then I can start to consider further relaxing interest rates.

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