On Friday local time, the US Department of Commerce released the November PCE inflation index, which further weakened the Federal Reserve's expectation of interest rate cuts. As the most favored inflation indicator by the Federal Reserve, the monthly rate of the core PCE price index in the United States increased slightly by 0.1% in November, which was lower than expected. The potential price pressure continued to ease, strengthening the Federal Reserve's view of turning to interest rate cuts next year.