Goldman Sachs: The rise in CPI data may lead the market to further reduce the probability of a rate cut in December

ChainCatcher news, according to Jinshi, Goldman Sachs senior market advisor Dom Wilson stated that the market's focus and most of the volatility clearly stem from the post-election shift. The Federal Open Market Committee (FOMC) in November conveyed a message of "steady progress," so a truly significant surprise may be needed to drive the market.

Dom Wilson mentioned that rising data could fuel the notion that the fight against inflation is not over yet, leading the market to further reduce the probability of a rate cut in December, especially considering the more optimistic inflation cycle priced in by the market since the election.