Analysts: US CPI data provides support for the Federal Reserve to continue cutting interest rates.

Adam Button, an analyst at the US financial website InvestingLive, commented on the US CPI data, noting that after the data release, the market's pricing in a slightly dovish stance from the Federal Reserve shifted, causing the dollar to weaken and S&P 500 futures to erase earlier losses. It's worth noting that due to the government shutdown causing the absence of October CPI data, November data collection started later than usual, covering more seasonal holiday discounts. Economists generally warned that these confounding factors may have artificially suppressed the readings. Meat prices were a prominent focus, surging 8.9% year-on-year, the largest increase since 2022, with fresh ground beef rising nearly 15%. Although this lower-than-expected report was welcomed by the market and provided support for continued Fed rate cuts, analysts emphasized that the December report will reveal a clearer picture of underlying inflation trends. (Jinshi)