【SMM Aluminum Briefing: Weakness in the US Dollar Index Supports Aluminum Price Strength】The core PCE price index in the US for November was lower than expected, indicating a cooler-than-expected inflationary trend. Additionally, the real GDP for the third quarter was revised downward, with consumer spending falling short of expectations. These factors further strengthen the view that the Federal Reserve will shift towards easing monetary policy. Weakness in the US dollar index has provided support for aluminum prices. Domestically, there continues to be positive macroeconomic news, with state-owned banks lowering deposit rates and commercial banks following suit. This year, China's major economic targets are expected to be achieved smoothly.
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