According to Jinshi data, Federal Reserve official Hamak pointed out that the inflation performance in November seems to be improving, but the relevant data may be affected by the government's shutdown in October and the first half of November, leading to deviations in the statistical process and thus underestimating the price increase level over the past 12 months.
He mentioned that the data released by the Bureau of Labor Statistics shows that the November CPI rose by 2.7% year-on-year, but if adjusted, a more reasonable range might be close to 2.9% or even 3.0%.
When talking about monetary policy, Hamak is cautious about lowering interest rates too early. He believes that the neutral interest rate level may be higher than the market generally expects, while the U.S. economy still has relatively strong growth momentum next year. Although the neutral interest rate itself cannot be directly observed, it can be inferred from the overall economic operation.