PANews, December 7 news, the closely watched US non-farm payroll data for November this week was better than expected, but not hot enough to prevent the Federal Reserve from cutting interest rates again later this month. The market has raised the probability of a 25-basis-point rate cut in December to around 90%. At the same time, more and more Federal Reserve officials are inclined to be cautious about rate cuts. The US inflation data next week is the only important data that could shake the Federal Reserve's expectation of a rate cut in December. After the data showed that the US labor market remains strong but also has signs of slowing, Federal Reserve officials seem to be expected to cut interest rates this month, but the debate on possibly suspending rate cuts next year has already been put on the table. Policymakers who spoke before the Federal Reserve's silent period generally said they expect interest rates to continue to decline, while maintaining a cautious attitude towards the pace of rate cuts. The key points that the market will focus on in the new week are as follows:
Monday 9:30, China's November CPI year-on-year;
Monday 23:00, US October wholesale sales month-on-month;
Tuesday 0:00, US November New York Fed 1-year inflation expectation;
Wednesday 21:30, US November CPI and core CPI;
Thursday 21:30, US initial jobless claims for the week ending December 7; US November PPI year-on-year, month-on-month;
Friday 1:00, the Federal Reserve releases the flow of funds for the third quarter of 2024;
Friday 21:30, US November import price index month-on-month.
