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Wells Fargo: U.S. CPI data for November is expected to reflect stalled progress in fighting inflation
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2024-12-06 00:02 7,008
Golden Finance reported that Sarah House, managing director and senior economist at Wells Fargo, and economic analyst Aubrey Woessner said that the U.S. CPI in November may show that anti-inflation progress is stalling. The unseasonally adjusted CPI annual rate is expected to rise from 2.6% to 2.7%. They believe that the unseasonally adjusted core CPI annual rate will stay in a narrow range of 3.2%-3.3% for the sixth consecutive month. Although some inflationary factors, such as an overheated labor market, continue to recede, new headwinds to a fall in inflation have emerged, including the possibility of imposing tariffs and tax cuts. The U.S. CPI report for November is scheduled to be released next Wednesday, one week ahead of the Federal Reserve’s interest rate decision. The futures market is currently digesting the Federal Reserve's decision to cut interest rates by 25 basis points.
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