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US Inflation Rate YoY actual 2.7% previous 2.7%
US Core Inflation Rate YoY actual 2.6% previous 2.6%

Inflation is still sticky and higher than the 2% goal and the inflation fear remains high. This is why it is not likely to see further cuts in Jan #FOMC.

The Federal Reserve is adapting to the data, it has a dual mandate for a stabilize and long term goals of high employment and low inflation rate of 2%.

I agree with President Trump, that the Fed should cut interest rates here or risk a snowball effect that could plunge USA into a recession that is harder to stop later.

It is better to cut rates early on than risk a full blown hard crash of the US economy that potentially could drag the whole world into a recession. Because most economies are linked in some way shape or form to the US and Chinese economy.