According to Odaily, Wells Fargo's Managing Director and Senior Economist Sarah House, along with Economic Analyst Aubrey Woessner, have indicated that the U.S. Consumer Price Index (CPI) for November might reveal a stagnation in anti-inflation progress. They anticipate that the unadjusted annual CPI rate will rise from 2.6% to 2.7%. Additionally, they predict that the unadjusted core CPI annual rate will remain within a narrow range of 3.2% to 3.3% for the sixth consecutive month.
While some inflationary pressures, such as the overheated labor market, continue to ease, new challenges that hinder inflation reduction have emerged. These include the potential imposition of tariffs and tax cuts. The U.S. November CPI report is scheduled for release next Wednesday, a week before the Federal Reserve's interest rate decision. Currently, the futures market is factoring in a 25 basis point rate cut by the Federal Reserve.