CITIC Securities: U.S. CPI significantly lower than expected,预计 the Federal Reserve will cut interest rates twice next year

According to Jinshi News, a research report from CITIC Securities states that the U.S. November CPI was significantly lower than expected, with core services inflation showing a notable cooling, but the data has considerable noise and questionable quality. Analysts believe that the U.S. inflation outlook is tending to ease, and the disturbance from tariffs on prices will gradually weaken, with rent inflation and super core inflation likely to maintain moderate growth rates next year.

Although this CPI report provides short-term benefits for U.S. dollar liquidity, the data quality issues and the calm state of the labor market make the interest rate cut expectations insufficient to significantly boost sentiment. It is expected that the Federal Reserve will cut rates twice next year, each by 25 basis points.