ChainCatcher 消息，据金十报道，国联民生宏观研报称，美国 11 月 CPI 不太能改变美联储明年 1 月暂缓降息的决策，但可能增加联储内部的鸽派声音。如果 12 月数据延续当前的低速上涨态势，可能促使美联储重新审视降息路径。经济放缓与通胀不高的组合将有助于美联储做出更多降息抉择，但最终结论仍需等待 12 月数据的出炉。

<p>ChainCatcher 消息，据金十报道，国联民生宏观研报称，美国 11 月 CPI 不太能改变美联储明年 1 月暂缓降息的决策，但可能增加联储内部的鸽派声音。如果 12 月数据延续当前的低速上涨态势，可能促使美联储重新审视降息路径。经济放缓与通胀不高的组合将有助于美联储做出更多降息抉择，但最终结论仍需等待 12 月数据的出炉。</p>

国联民生宏观：11 月 CPI 难改美联储降息决策

According to ChainCatcher, citing a macro research report from Guolian Minsheng, the November US CPI is unlikely to change the Federal Reserve's decision to postpone interest rate cuts in January, but it may increase dovish voices within the Fed. If the December data continues the current slow upward trend, it may prompt the Fed to reconsider its rate-cutting path. The combination of economic slowdown and low inflation will help the Fed make more rate-cutting decisions, but the final conclusion still awaits the release of the December data.

<p>According to ChainCatcher, citing a macro research report from Guolian Minsheng, the November US CPI is unlikely to change the Federal Reserve&#39;s decision to postpone interest rate cuts in January, but it may increase dovish voices within the Fed. If the December data continues the current slow upward trend, it may prompt the Fed to reconsider its rate-cutting path. The combination of economic slowdown and low inflation will help the Fed make more rate-cutting decisions, but the final conclusion still awaits the release of the December data.</p>

Guolian Minsheng Macroeconomics: November CPI Unlikely to Change Fed's Rate Cut Decision

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Daily market data review and trend analysis, produced by PANews.
1. Market Observation: Although the US November CPI unexpectedly fell to 2.7% year-on-year and core CPI to 2.6%, a new low since 2021, initially igniting market expectations for accelerated interest rate cuts by the Federal Reserve, the reliability of the report was widely questioned due to data collection disruptions caused by the government shutdown. The market oscillated amidst complex signals. On the one hand, White House officials believed the Fed had "significant room for rate cuts"; on the other hand, the Bank of Japan raised its benchmark interest rate to 0.75%, a 30-year high, continuing to tighten global liquidity...

Trading Moment: With Japan's interest rate hike now a reality, Bitcoin faces a crucial test at $81,000, while Ethereum's rebound falters.

The OCC's approval of Circle, Ripple, and others to become federal trust banks signifies that the crypto industry is moving from relying on the banking system to becoming part of the U.S. financial infrastructure.
Article by Ethan
Article source: Odaily Odaily
On December 12, 2025, the Office of the Comptroller of the Currency (OCC) in Washington, D.C., issued a notice conditionally approving Ripple, Circle, P...