10月美国CPI数据点评：10月美国CPI同比小幅反弹

Inflation Data - In October, the US CPI increased by 0.1% month-on-month and 2.6% year-on-year, indicating a slight rebound in inflation[1] - The core CPI rose by 0.2% month-on-month and remained stable at 3.3% year-on-year, consistent for six months[1] - Food prices increased by 0.2% month-on-month and 2.1% year-on-year, both showing a slight recovery compared to September[1] Energy and Transportation Prices - Energy prices decreased by 1.1% month-on-month, with a year-on-year decline of 4.9%, but the decline rate narrowed compared to September[1] - Gasoline prices fell by 0.9% month-on-month and decreased by 12.2% year-on-year, with the decline rate also narrowing from September[1] - Transportation prices remained flat month-on-month, with a slight year-on-year decrease of 0.1%[1] Federal Reserve Outlook - The report predicts a likely 25 basis point rate cut by the Federal Reserve in December, maintaining the federal funds rate between 4.5% and 4.75%[2] - High interest rates are expected to continue suppressing inflation and economic growth, with the cumulative effect becoming more apparent[2] - The monetary policy of the Federal Reserve is not expected to constrain the Chinese central bank's policy space, which remains significant[2]