Today’s key focus is here—The US November CPI report will be released this Thursday at 21:30, and this data is particularly worth paying attention to.

The market generally expects the year-over-year CPI for November to rise slightly from 3.0% in September to around 3.1%. Excluding volatile food and energy prices, the core CPI is expected to remain at 3% year-over-year. This may seem like a small change, but for traders who follow policy trends, every 0.1% shift can offer different interpretative possibilities.

Interestingly, due to the previous government shutdown, most economic data for October was not successfully collected. The US Bureau of Labor Statistics decided to directly cancel the release of October CPI data. This also affected the November data—there will be no month-over-month change figures available. The official statement was straightforward: "The upcoming report will not include month-over-month percentage change data for November because of the missing October baseline data."

In other words, this time we can only see the year-over-year data; the month-over-month data will have to wait until next time. For those wanting to analyze inflation trends from multiple angles, this indeed removes a reference point.