U.S. inflation rate rises to 2.7% in November, Fed cautious about rate cuts

Odaily reports that the US inflation rate rose to 2.7% in November, in line with economists' expectations and higher than the 2.6% level in October. The data highlights the continued concern over sticky inflation after the rise in October. It is widely expected that the Federal Reserve will cut interest rates by another 25 basis points next week, but the pace of rate cuts next year is uncertain as the Fed is working to maintain inflation around 2% and a healthy labor market. As interest rates reach a more "neutral" level - high enough to curb inflation but low enough to protect the labor market - officials have discussed slowing the pace of rate cuts. They said that if they act too quickly, inflation may remain above the 2% target, but if they act too slowly, unemployment could rise sharply. (<金十>)