US CPI Preview: Inflation Likely to Climb to New 40-Year High

“In December, we expect the interest rate will quickly reach 350 basis points or higher (3.5%+), and it will likely remain in the 350~400 basis points range or higher throughout 2023 to curb high inflation. At present, commodities and stock markets have already pulled back from their recent peaks by around 30%~50%+, based on expectations of rising interest rates.