Wells Fargo: US November CPI data is expected to reflect stagnation in anti-inflation progress
Sarah House, Managing Director and Senior Economist of Wells Fargo Bank, and Aubrey Woessner, an economic analyst, said that the progress of anti-inflation in the United States may be stagnating in November. It is expected that the non-seasonally adjusted CPI annual rate will rise from 2.6% to 2.7%. They believe that the non-seasonally adjusted core CPI annual rate will remain in a narrow range of 3.2%-3.3% for the sixth consecutive month. Although some inflation factors such as the overheated labor market continue to fade, new obstacles that are not conducive to inflation falling have emerged, including the possibility of imposing tariffs and tax cuts. The US November CPI report is scheduled to be released next Wednesday, one week earlier than the Fed's interest rate decision. The futures market is currently digesting the Fed's decision to cut interest rates by 25 basis points.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PumpFun Corp Faces Legal Battles Over Alleged Securities Violations and Meme Token Scandals
Vottun Brings Tokenization to Web3 Development; Launches Flagship Low-Code Platform for Builders
Ethereum And Uniswap Had Their Transformative Runs In 2021, Its Elluminex’s Turn In 2025
Solana ETFs: How a 2025 launch could play out
Some expect a Solana ETF to be approved by the end of the year thanks to a pro-crypto Trump Administration.Defining if Solana will be classified as a commodity or security will play a major role in the ETF approval process.JPMorgan analysts projected that Solana ETFs could bring in between $2.7 billion and $5.2 billion, cumulatively, during their first months of trading.