#BTC新高10W Expected CPI data to show stagnant inflation
Wells Fargo's Sarah House and Aubrey Woessner wrote that the U.S. consumer price index for November may indicate that progress in controlling inflation has stalled. They predict the 12-month index will rise to 2.7% from 2.6%. They believe the core index "hovered in a narrow range of 3.2%-3.3% for the sixth consecutive month." They said that while some sources of inflation "such as an overheated labor market" continue to dissipate, new headwinds to deflation have emerged, including the possibility of tariffs and tax cuts. The CPI report will be released on Wednesday, a week ahead of the Fed's decision, and futures markets have already priced in the possibility of a 25 basis point rate cut from the Fed. #pepe$BTC