PANews reported on December 7 that the much-anticipated U.S. non-farm payrolls data for November this week was better than expected, but not yet hot enough to prevent the Federal Reserve from cutting interest rates again later this month. The market has pushed the probability of a 25 basis point rate cut in December to around 90%. At the same time, more and more Federal Reserve officials tend to be cautious in cutting interest rates. The U.S. inflation data in the coming week is the only important data that may shake the Fed's expectations of a rate cut in December. After the data showed that the U.S. labor market is still strong but also shows signs of slowing down, Federal Reserve officials seem likely to cut interest rates this month, but the debate about a possible suspension of rate cuts next year has been put on the table. Policymakers who spoke before the Fed's silent period generally said that they expect interest rates to continue to fall, while being cautious about the pace of rate cuts. The following are the key points that the market will focus on in the new week:
9:30 on Monday, China's November CPI annual rate;
At 23:00 on Monday, the monthly rate of wholesale sales in the United States in October;
Tuesday 0:00, US New York Fed 1-year inflation expectations for November;
At 21:30 on Wednesday, US November CPI and core CPI;
At 21:30 on Thursday, the number of initial jobless claims in the United States for the week ending December 7; the annual and monthly PPI rates in the United States in November;
At 1:00 a.m. on Friday, the Federal Reserve will release account fund flows for the third quarter of 2024;
At 21:30 on Friday, the U.S. import price index monthly rate for November will be released.
