Bai Xue: The Federal Reserve may raise interest rates by another 25 basis points in December

Bai Xue, Deputy Director of Research at Dongfang Jincheng, stated that U.S. inflation rebounded significantly in September, with the CPI rising 3.7% year-on-year and the core CPI rising 2.6% year-on-year. The rebound in inflation has strengthened the necessity for the Federal Reserve to continue raising interest rates this year, with an increased probability of holding steady in October and raising rates by 25 basis points in December.