海外经济政策跟踪：美国通胀：小幅回升

Group 1: Global Asset Performance - Major global stock markets declined last week, with the Hang Seng Index leading with a drop of 6.3%[1] - The S&P 500 and Nikkei 225 fell by 2.1% and 2.2%, respectively[1] - COMEX copper and London gold prices decreased by 5.7% and 4.5%[1] Group 2: U.S. Economic Indicators - U.S. CPI rose by 2.6% year-on-year in October, marking a 0.2 percentage point increase from September[16] - Core CPI remained stable at 3.3% year-on-year[16] - U.S. PPI increased by 2.4% year-on-year, surpassing market expectations of 2.3%[16] Group 3: Retail and Industrial Performance - U.S. retail sales rose by 2.6% year-on-year in October, with a month-on-month increase of 0.4%[18] - Industrial production showed a slight year-on-year increase of 0.0% in October[19] - U.S. industrial capacity utilization fell to 77.1%, down 0.3 percentage points from September[19] Group 4: Inflation Expectations and Monetary Policy - As of November 15, the 5-year inflation expectation in the U.S. was 2.39%, down 4 basis points from the previous week[22] - Market expectations for a 25 basis point rate cut by the Federal Reserve in December decreased from 64.6% to 61.9%[22] - The European Central Bank is expected to consider a rate cut in December due to declining inflation trends[36]