Wells Fargo: US November CPI data is expected to reflect stagnation in anti-inflation progress

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Cointime2024/12/05 20:55

By:Cointime

Sarah House, Managing Director and Senior Economist of Wells Fargo Bank, and Aubrey Woessner, an economic analyst, said that the progress of anti-inflation in the United States may be stagnating in November. It is expected that the non-seasonally adjusted CPI annual rate will rise from 2.6% to 2.7%. They believe that the non-seasonally adjusted core CPI annual rate will remain in a narrow range of 3.2%-3.3% for the sixth consecutive month. Although some inflation factors such as the overheated labor market continue to fade, new obstacles that are not conducive to inflation falling have emerged, including the possibility of imposing tariffs and tax cuts. The US November CPI report is scheduled to be released next Wednesday, one week earlier than the Fed's interest rate decision. The futures market is currently digesting the Fed's decision to cut interest rates by 25 basis points.

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