Preview: The latest US CPI and labor market data, including unemployment figures, will be released tonight at 21:30.

BlockBeats News, on December 18, the U.S. Department of Labor will release the U.S. November non-seasonally adjusted CPI year-on-year rate (forecast value is 3.1%), the number of initial jobless claims for the week ending December 13 (in ten thousands), as well as the U.S. November non-seasonally adjusted core CPI year-on-year data at 21:30 Beijing time.

Federal Reserve Chairman Powell stated in his speech on December 11 that the labor market appears to be gradually cooling, while inflation remains somewhat elevated. Inflation risks are tilted to the upside. Labor demand has clearly slowed, vitality has weakened, and there is slight softness.

Goldman Sachs analyst Kay Haigh stated that the Federal Reserve has reached the end of "preemptive rate cuts." She believes: "The next responsibility lies with labor market data, which must weaken further to justify additional near-term easing policies."