Analysts: US CPI data provides support for the Federal Reserve to continue cutting interest rates.

Odaily Odaily reports that Adam Button, an analyst at the US financial website InvestingLive, commented on the US CPI data, noting that after the data release, the market's pricing in the Federal Reserve shifted slightly towards a dovish stance, causing the dollar to weaken and S&P 500 futures to erase earlier losses. It's worth noting that due to the government shutdown, October CPI data was missing, and November data collection started later than usual, covering more seasonal holiday discounts. Economists generally warned that these confounding factors may have artificially suppressed the readings. Meat prices were a prominent focus, surging 8.9% year-on-year, the largest increase since 2022, with fresh ground beef rising nearly 15%. Although this lower-than-expected report was welcomed by the market and provided support for continued Fed rate cuts, analysts emphasized that the December report will provide a clearer picture of underlying inflation trends. (Jinshi)