U.S. November Inflation Data Just Released — Core PCE Year-over-Year Growth Rate at 2.8%, Fully In Line with Expectations. Sounds good, but don’t get too excited just yet; this data has a bit of a “stale” feel. During the government shutdown, economic data reports were delayed, and this set of numbers actually reflects the situation from a few months ago, so it should be taken with a grain of salt.

Looking at the current situation, it’s quite interesting — although inflation remains somewhat sticky, consumer spending is not backing down at all. People are still spending, with steady growth in expenditures, and economic resilience is evident. Because of this, the Federal Reserve is not in a hurry. Next week’s policy meeting? Most likely, they’ll just keep observing; rate cuts are still far off. The gold market has already digested all of this, with little fluctuation, indicating that everyone is confident.

What truly determines the future direction will depend on what new data comes out in the next few months. The most critical thing now is this observation period. 📊