To add one thing, the U.S. government is in the final stage of a shutdown in November, which also affects the economy and consumption.

The good news is: Non-farm data for November in the U.S. is not good
The bad news is: The Labor Department previously hinted that the November data might not be very accurate

In November, non-farm employment increased by 64,000, which is slightly higher than expected but lower than last month.

The unemployment rate exceeded expectations and is higher than last month, with the unemployment rate being the highest in four years.

Additionally, the annual wage growth is lower than expected and lower than last month. Wages have an impact on prices; if wage growth is low, it may also be difficult for CPI annual rates to be high.

This means that after the interest rate cuts in September and October, employment is still weak, and inflation may not rebound (this will need to wait for confirmation on the 18th).

Weak employment adds pressure for the Federal Reserve to ease.
If the CPI on the 18th does not rise, it further reduces resistance to easing by the Federal Reserve.