#以太坊行情解读 $BTC $ETH $FIL

The logical paradox behind the U.S. inflation data in November

Recently, the CPI data for November released by the United States has triggered a chain reaction in the trading market. The annual rate is only 2.7%, significantly lower than the market expectation of 3.1%—this gap is enough to shake price expectations. However, New York Federal Reserve President Williams poured cold water on this: don't be misled by the surface numbers, there are obvious technical distortions involved.

Where is the problem? The October data was canceled due to a survey interruption. By the second half of November, the holiday promotion wave was concentrated and combined with some "zero inflation" estimation methods, the entire reading was artificially lowered. Williams frankly stated that the true picture of inflation may be obscured by these technical factors.

This is interesting. On one hand, he says that there is no need for interest rate hikes at the moment, while on the other hand, he emphasizes that the trend of slowing inflation is still present. But the deeper issue is—will the Federal Reserve's policy judgment make a miscalculation in the midst of the data manipulation dilemma? Let’s not forget that these two stubborn indicators, rent and oil prices, still conceal signals of a rebound. Will the new data in December be a turning point?

For holders of crypto assets, the change in inflation expectations directly affects market liquidity and the pricing of risk assets. The key is to see how the Federal Reserve interprets this question next.