Analyst: US CPI data supports the Federal Reserve's continued rate cuts

Odaily Planet Daily reports that US financial website investinglive analyst Adam Button commented on the US CPI data, noting that after the CPI data was released, the market’s pricing of the Federal Reserve showed a slight dovish shift, and the dollar weakened accordingly. S&P 500 futures erased earlier losses. Notably, due to a government shutdown, October CPI data was missing, and the collection of November data started later than usual, covering more seasonal holiday discounts. Economists generally warn that these disturbances may artificially lower the readings. Meat prices became a prominent focus, soaring 8.9% year-over-year, the largest increase since 2022, with fresh ground beef rising nearly 15%. Although this below-expected report was welcomed by the market and supported the case for the Fed to continue cutting rates, analysts emphasized that the December report will better reveal potential inflation trends. (Jin10)