Core Viewpoint - The article discusses the current state of inflation in the United States, indicating that the risks are temporarily manageable, particularly in light of the December 2025 Consumer Price Index (CPI) data [2] Group 1: Inflation Analysis - The December 2025 CPI data shows a year-on-year increase of 3.2%, which is a slight decrease from the previous month's 3.5% [2] - Core CPI, excluding food and energy, rose by 2.8% year-on-year, indicating a stable inflation trend [2] - The article highlights that inflationary pressures are easing, suggesting that the Federal Reserve's monetary policy measures are having a positive effect [2] Group 2: Economic Implications - The manageable inflation levels may lead to a more favorable environment for consumer spending and investment [2] - The article suggests that the current inflation trajectory could influence future interest rate decisions by the Federal Reserve, potentially leading to a pause in rate hikes [2] - Overall economic growth is projected to remain steady, supported by controlled inflation rates [2]
数据点评 | 通胀，风险暂时可控——2025年12月美国CPI数据点评（申万宏观·赵伟团队）
申万宏源证券上海北京西路营业部·2026-01-15 02:48