CPI rose 2.7% in November from a year ago as Fed struggles to snuff out inflation
Last month's CPI was forecast to come in at 2.7%, according to economists surveyed by financial data firm FactSet. The Consumer Price Index, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.
November CPI report: Overall and core inflation rise 0.3%. Investors bet on Fed rate cut.
One metric to watch in the CPI data is the year-over-year core CPI, which will play a key role in the outlook for Federal Reserve interest-rate policy, said Brett Kenwell, U.S. investment analyst at e Toro.
Consumer Price Index data sealed the deal for a December rate cut, but the outlook for next year is less certain.
CPI data shows a slight inflation increase; market reacts positively, but inflationary pressures may resurface in 2025. Click ...
Inflation has barely budged in recent months, and that trend is likely continued in November, as measured by the Consumer ...
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