According to Yoon Ki-tae, deputy president of Sh Suhyup Bank, the Federal Reserve could pause rate hikes in December when considering underlying inflation trends and financial conditions on Nov 12. Despite October CPI beating market expectations, Yoon noted that trimmed-mean PCE—which excludes items with extreme price swings—stood at only 2.3% in September, with a six-month annualized rate of 2.4%. Yoon emphasized that current elevated inflation may not reflect the same level of underlying inflation pressure and cautioned against market consensus narrowing policy options, calling for a cautious approach that does not rule out a rate hold in December.

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