The year-on-year growth rate of the US CPI in November has slightly slowed down, but the core CPI year-on-year growth rate remains at 4%, unchanged from October, and has not further declined. US stocks have collectively risen for four consecutive trading days. Analysis suggests that the unemployment rate has fallen, employment has rebounded, and wages are accelerating; overall CPI has significantly cooled, but there are still stubborn suspicions regarding super core inflation. There were previous suspicions of excessive pricing of interest rate cuts next year in the market, and trading may still need to be corrected.

 The Federal Reserve will announce its December interest rate decision on Wednesday, with a consensus in the market to hold steady. Currently, futures contracts linked to the Federal Reserve's policy rate expect the Fed to start cutting rates in March 2024. What are your thoughts on the mutual influence of inflation and interest rates?

The year-on-year growth rate of the US CPI in November has slightly slowed down, but the core CPI year-on-year growth rate remains at 4%, unchanged from October, and has not further declined. US stocks have collectively risen for four consecutive trading days. Analysis suggests that the unemployment rate has fallen, employment has rebounded, and wages are accelerating; overall CPI has significantly cooled, but there are still stubborn suspicions regarding super core inflation. There were previous suspicions of excessive pricing of interest rate cuts next year in the market, and trading may still need to be corrected. The Federal Reserve will announce its December interest rate decision on Wednesday, with a consensus in the market to hold steady. Currently, futures contracts linked to the Federal Reserve's policy rate expect the Fed to start cutting rates in March 2024. What are your thoughts on the mutual influence of inflation and interest rates?

U.S. CPI unexpectedly rises, is a rate cut expected next year?

美國財政赤字擴大將增加美債供應量的擔憂也推高了收益率。即將進行 30 年期通脹保值債券標售，將揭露價格下降情況下，投資者的需求水平。