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After the release of the US CPI report, Nick Timiraos, the New Federal Reserve News Agency, believes that the progress in slowing inflation stalled in September, indicating that the path to completely eliminate price pressures may be bumpy. If there is stronger evidence that price pressures and economic activity are cooling down, officials may feel more reassured about the decision to maintain interest rate stability. But the current situation is that they are still unable to rule out the possibility of raising interest rates in December and are unlikely to announce a suspension of interest rate hikes. Timiraos emphasized that there is also a crucial piece of data before the November resolution, which is the report on the Federal Reserve's favorite inflation indicator, the PCE Price Index, which may play a more important role at that time.
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