来源：滚动播报 美国克利夫兰联储主席Beth Hammack表示，货币政策目前处于良好水平，可以暂缓降息，以评估（此 前累计）75个基点的降息对经济产生的影响。 Hammack目前专注于将通胀率带回目标水平（这是首要 目标之一）。政策制定者收到的经济数据显示，11月份核心消费者价格指数（CPI）同比上涨2.6%。 Hammack表示，她不会过度看重任何单一的经济报告，并希望在下次会议之前，花时间观察更广泛的 经济状况。 ...

Core Insights - The core inflation rate in the U.S. for November increased by 2.6% year-on-year, marking the lowest growth since early 2021, following several months of persistent price pressures [1][6] - The overall Consumer Price Index (CPI) for November showed a year-on-year increase of 2.7% [1][6] - The government shutdown complicated data collection, leading to difficulties in determining month-on-month changes and trends in key price categories [1][6][9] Inflation Trends - The core CPI rose by 0.2% over the two months leading to November, with declines in hotel, leisure, and clothing prices limiting the increase [1][6] - Despite limitations in data collection, the report suggests a potential easing of inflation pressures after a period of narrow fluctuations [7] - The report's impact on Federal Reserve decision-making remains uncertain, as there are still disagreements regarding the interest rate path for the upcoming year [8] Price Movements - Excluding food and energy, goods prices rose by 1.4% year-on-year, down from 1.5% in August and September [9] - New car prices increased by 0.2%, while the growth rate for used car prices has slowed [10] - Service prices, excluding energy, rose by 3% year-on-year, with airfares and hotel accommodation prices decreasing compared to the previous year [11] Data Collection Challenges - The government shutdown led to the cancellation of the October report and delayed the collection of November price data, resulting in a shortened data collection period [9] - The Bureau of Labor Statistics (BLS) utilized third-party data sources to report some monthly price changes, including for new cars, used cars, and gasoline [9]

Core Viewpoint - Goldman Sachs economists report that tariffs may have increased prices for goods with supply chains extending overseas, such as home goods, entertainment, and communication products [1] Summary by Relevant Categories Inflation Impact - Last month, airfare prices may have rebounded, but Goldman Sachs predicts that due to expected declines in used car prices and stable new car prices, the overall core inflation rate for June may be approximately 0.23% month-on-month [1] - The team anticipates that the monthly inflation rate for the core Consumer Price Index (CPI) will range between 0.3% and 0.4% in the coming months due to the potential severe impacts of tariffs [1]