Wells Fargo: Futures markets are pricing in a 25 basis point rate cut by the Fed

Odaily Odaily News: Sarah House, managing director and senior economist at Wells Fargo, and economic analyst Aubrey Woessner said that the US CPI in November may show that progress in fighting inflation is stagnating. The unadjusted CPI annual rate is expected to rise from 2.6% to 2.7%. They believe that the unadjusted core CPI annual rate will remain in a narrow range of 3.2%-3.3% for the sixth consecutive month. Although some inflationary factors such as the overheated labor market continue to subside, new resistance to the decline in inflation has emerged, including the possibility of tariffs and tax cuts. The US November CPI report is scheduled to be released next Wednesday, a week earlier than the Federal Reserve's interest rate decision. The futures market is currently digesting the Fed's decision to cut interest rates by 25 basis points. (Jinshi)