Preview: The latest US CPI and unemployment figures, along with other labor market data, will be released tonight at 21:30.

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BlockBeats News, December 18 — The U.S. Department of Labor will release the November unadjusted CPI year-over-year rate (forecast 3.1%), initial jobless claims for the week ending December 13 (in ten thousand), and the November unadjusted core CPI year-over-year rate at 21:30 Beijing time. Federal Reserve Chair Jerome Powell stated in a speech on December 11 that the labor market appears to be gradually cooling, with inflation still somewhat elevated. The inflation risk leans upward. Labor demand has noticeably slowed, vitality has weakened, and there is slight softening. Goldman Sachs analyst Kay Haigh said that the Fed has reached the “preemptive rate cut” endpoint. She believes, “The next responsibility is for labor market data to further weaken to justify additional recent easing policies.”

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