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Justin Low: The US November CPI report will be incomplete, and data reliability will decrease

Dec 18, 2025 14:02:40

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According to Jin Ten, analyst Justin Low pointed out that due to the previous government shutdown, the November CPI report will be incomplete and may only report the price levels for November. The limited data reduces the reliability of the report, leading to uncertainty in the monthly inflation details. Although inflation may slow down and tariffs have boosted core commodity prices, seasonal discounts have limited prices. The market may react briefly, but the incomplete data restricts the lasting impact on expectations for the Federal Reserve.

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