November CPI data come in as expected

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Source: Dukascopy Bank SA
The latest Bureau of Labor Statistics data showed that the Consumer Price Index (CPI) rose 2.7% annually in November, a slight increase from October's 2.6%, with a 0.3% monthly gain, matching economists' estimates, while core inflation, excluding food and gas, also climbed 0.3% month-over-month and 3.3% year-over-year, prompting concerns from economists who have noted it may not influence the Fed's decision on a rate cut next week.



The incoming Trump administration is likely to adopt stricter immigration policies, a looser fiscal policy, and bring back tariffs on China and Europe. These changes could increase inflation, possibly leading the Fed to pause or end its current easing cycle.
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Thu, 12 Dec 2024 09:03:14 GMT

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