Analyst's Evaluation of US November CPI: Data Meets Expectations, There May Be Four Rate Cuts Next Year
On December 11, Brian Jacobsen, Chief Economist at Annex Wealth Management, said: "There's nothing unexpected in the CPI report; everything is as expected. Housing costs remain the main driver of inflation. With employment reports and inflation reports, there's nothing to stop the Fed from cutting interest rates by 25 basis points next week. What will be exciting is the summary of the Fed's economic forecasts. There may be four rate cuts in 2025, and inflation will eventually fall to target levels."
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
Aave V4 testnet is now live, and the codebase has been opened to the public for review.
CEA Industries discloses BNB holdings increased to 515,054 tokens, valued at approximately $481 millions
DeFi platform TRONBANK completes strategic investment, BlockX leads the round
After the implementation of Kenya's new cryptocurrency law, a BTC ATM appears in a Nairobi mall