节点：中游（冶炼、中间品）位置：中游情绪：利空参考度：6/10
隔夜内外铜价窄幅震荡偏强。宏观方面，美国11月CPI同比上涨2.7%，低于预期3.1%；核心CPI同比上涨2.6%，低于前值及预期3%，通胀压力进一步缓解。该数据强化市场对美联储鸽派转向预期，2026年继续降息预期被巩固。特朗普讲话称下一任美联储主席需为“超级鸽派”且很快公布人选，引发市场对美联储货币政策独立性的担忧。欧洲...
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