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The certainty of the US interest rate cut has increased, and our three major indexes continue to climb along the five-day line.

The good news last night was that the CPI of the United States increased by 2.7% year-on-year in November, which was indeed in line with market expectations.In addition, the US dollar index fell by about 0.15% after the data was released, while the three major US stock indexes opened slightly higher. The Dow Jones Industrial Average rose by 0.25%, the Nasdaq index rose by 0.81%, and the S&P 500 index rose by 0.52%. Wall Street generally believes that the inflation data is in line with expectations, and the market gains more certainty, which helps to reduce the uncertainty of the future monetary policy path. Therefore, it can be considered that the inflation data in line with expectations provides stability for the market and strengthens the market's expectation of the Fed's interest rate cut in December.

In addition, the US dollar index fell by about 0.15% after the data was released, while the three major US stock indexes opened slightly higher. The Dow Jones Industrial Average rose by 0.25%, the Nasdaq index rose by 0.81%, and the S&P 500 index rose by 0.52%. Wall Street generally believes that the inflation data is in line with expectations, and the market gains more certainty, which helps to reduce the uncertainty of the future monetary policy path. Therefore, it can be considered that the inflation data in line with expectations provides stability for the market and strengthens the market's expectation of the Fed's interest rate cut in December.