The U.S. inflation rate rose to 2.7% in November, and the Federal Reserve is cautious about interest rate cuts

ChainCatcher news, according to Jinshi reports, the inflation rate in the United States rose to 2.7% in November, a figure that meets economists' expectations and is higher than October's 2.6% level. The data highlights concerns about sticky inflation following the rise in inflation in October.

There is widespread expectation that the Federal Reserve will cut interest rates by 25 basis points for the third consecutive time next week, but the pace of rate cuts next year is less certain, as the Fed is striving to achieve its dual mandate of keeping inflation close to 2% and maintaining a healthy labor market. As interest rates reach a more "neutral" level—high enough to curb inflation but low enough to protect the labor market—officials have discussed slowing the pace of rate cuts. They noted that if actions are taken too quickly, inflation may remain above the 2% target, but acting too slowly could lead to a sharp rise in unemployment.