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The core inflation in the United States remained stable, increasing by 0.3% for the fourth consecutive month, and the CPI in the United States continued to rise in November, which aggravated people's concerns that the process of curbing inflation was stagnant. Data released on Wednesday showed that the core CPI excluding food and energy costs rose by 0.3% for the fourth consecutive month. Compared with a year ago, it has increased by 3.3%. After the data is released, it is still very likely that Fed policymakers will cut interest rates at next week's meeting. Although the price pressure has dropped from the peak during the pandemic recovery, the recent progress has stabilized. This, coupled with the fading concerns about the labor market, helps explain why several Fed officials advocate a more gradual rate cut.After the release of CPI data, the yield of US Treasury bonds fluctuated and fell, and the yield of 10-year Treasury bonds reported 4.236%. The yield of two-year US Treasury bonds fell to 4.149%, and the yield curve of 2/10 US Treasury bonds steepened to 8.7 basis points.The UN Secretary-General visited South Africa and called on the G20 to reform global financial institutions. On December 11th, local time, UN Secretary-General Guterres visited South Africa and attended the first meeting of G20 finance ministers and central bank governors in Johannesburg after South Africa assumed the rotating presidency of G20. Guterres called on the G20 to achieve financial justice, reform global financial institutions and expand the global safety net. He also expressed support for South Africa as the rotating presidency of G20. In the afternoon, Guterres met with South African Foreign Minister Lamora in the South African Foreign Ministry Building. The two sides discussed the priorities of the G20 presidency, promoted the implementation of future agreements, and ensured the accelerated realization of sustainable development and climate commitments. (CCTV News)

After the publication of CPI in the United States, the probability that the Fed will cut interest rates by 25 basis points in December has almost been fully priced. According to CME's "Fed Observation", the probability that the Fed will keep the current interest rate unchanged by December is 2.3%, and the cumulative probability of cutting interest rates by 25 basis points is 97.7%. The probability of keeping the current interest rate unchanged by January next year is 1.7%, the probability of cutting interest rates by 25 basis points is 71.2%, and the probability of cutting interest rates by 50 basis points is 27.1%.Zamrazilova, Deputy Governor of Czech Central Bank: There is no reason to change my view on inflation risk in November, and I still think that interest rate cuts should be suspended.Joshua Benjo, a well-known AI expert: Artificial intelligence may "turn against human beings". According to a report on the website of the American Consumer News and Business Channel on November 21st, Joshua Benjo, a well-known computer scientist, a pioneer of artificial intelligence, warned against the potential negative impact of this emerging technology on society and called for in-depth research to reduce risks. (Reference message)

Broadcom shares rose 2.8% before the market closed.Zamrazilova, Deputy Governor of Czech Central Bank: There is no reason to change my view on inflation risk in November, and I still think that interest rate cuts should be suspended.Albertson shares rose 1.6% before the market closed.