Institusi: Tren CPI AS sesuai dengan ekspektasi, tidak berdampak pada pemotongan suku bunga bulan Desember oleh Federal Reserve AS

Data Gold on November 13th, the overall CPI and core CPI results in October in the United States are consistent with market expectations. The overall data increased by 2.6% compared to the same period last year, an increase of 0.2 percentage points from September, and a 0.2% pump from the previous month. The core CPI increased by 3.3% and 0.3% compared to the same period last year and September, respectively. However, the super core inflation increased by 11 basis points to 4.38% compared to the same period last year, but the monthly rate dropped by 9 basis points to 0.31%. Durable goods (inflation) are still in a state of complete deflation, with an annual rate of -2.5% and a monthly rate of +0.1%. This is where the impact of tariffs is most likely to be felt. However, it is clear that we still need some time to know the results. Once the new government begins to formulate policies, there will be many potential inflation factors. Energy prices brought by the US/Middle East supply, fiscal deficits, and immigration (such as large-scale expulsions) are expected to push up CPI and tariffs. However, at present, the Federal Reserve cannot take these factors into consideration, and there seems to be no factor to prevent the Federal Reserve from cutting interest rates by 25 basis points at the FOMC meeting in December.