On the November CPI data release, economists are urging caution about reading too much into any single report. "Don't rush to conclusions," warns a top analyst from a major advisory firm. "The picture is still incomplete—we need to observe additional economic signals before drawing firm conclusions."

This measured approach reflects a broader market reality: inflation data doesn't exist in a vacuum. Each monthly report is a single frame in a larger movie, and hasty interpretations can lead to poor positioning decisions. The Fed's next moves depend on a pattern of data, not just one headline number. Traders watching for policy shifts should remember this before reacting too sharply to fresh numbers.