Institution: U.S. CPI data is unlikely to change the Fed's recent policy

ChainCatcher news, Pepperstone's senior research strategist Michael Brown stated in a report that the U.S. November CPI data to be released tonight is unlikely to materially change the recent outlook for Federal Reserve policy. A 25 basis point rate cut next week seems to be a certainty, with the labor market rather than price pressures being the main determinant for the current policy shift.

Economists surveyed by The Wall Street Journal expect the overall CPI year-on-year increase in November to accelerate to 2.7% from 2.6% in October, while the core CPI year-on-year increase is expected to remain unchanged at 3.3%.