Organization: U.S. CPI data is unlikely to change the Federal Reserve's recent policy
Bitget news, Michael Brown, a senior research strategist at Pepperstone, said in a report that the U.S. November CPI data to be announced tonight is unlikely to materially change the near-term outlook for Federal Reserve policy. A 25 basis point rate cut next week seems already certain, with the labor market rather than price pressures being the main determinant of current policy shifts. Economists surveyed by The Wall Street Journal expect that overall CPI growth in November will accelerate from 2.6% in October to 2.7%, while core CPI growth is expected to remain unchanged at 3.3%.
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