Analyst's Evaluation of US November CPI: Data Meets Expectations, There May Be Four Rate Cuts Next Year
On December 11, Brian Jacobsen, Chief Economist at Annex Wealth Management, said: "There's nothing unexpected in the CPI report; everything is as expected. Housing costs remain the main driver of inflation. With employment reports and inflation reports, there's nothing to stop the Fed from cutting interest rates by 25 basis points next week. What will be exciting is the summary of the Fed's economic forecasts. There may be four rate cuts in 2025, and inflation will eventually fall to target levels."
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