central bank digital currency and monetary policy, Overview

-Last night, the consumer price index (CPI) released by the United States in November rose by 0.3% month-on-month, and the market expectation was 0.3%, up by 2.7% year-on-year, and the market expectation was 2.7%, both up by 0.1 percentage point from October. This data opened the door for the Federal Reserve to cut interest rates by 25 basis points in December.

-In the case that the central media once again called for "stabilizing the stock market", our A-share market continued its upward rebound. Nearly 3,000 stocks in the two cities rose, and the half-day turnover reached 1,178.6 billion yuan, which was 35.8 billion yuan more than the previous trading day. Therefore, with the smooth landing of "boots", the A-share market has ushered in a multi-window period.However, the process of reducing the inflation rate to 2% has stalled, and there has even been a rebound. The market is worried that the Fed will stage a "hawkish interest rate cut" next Wednesday, and the Fed may cut the guidance on interest rate cuts in the bitmap.

-At the same time, the market has generally increased its bet on the Fed's interest rate cut in December. The market expects the probability of a 25 basis point interest rate cut in December to increase to 99.9%, which is higher than the previous expectation of 86.1%, which makes the European and American markets join hands overnight."Boots" landed smoothly, and the A-share market ushered in a multi-window period?