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.
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.
Wall Street's focus on Wednesday was on the November U.S. consumer inflation report, in which both the headline number and ...
Inflation increased at its fastest monthly rate since the spring and saw its highest annual rate of increase in several ...
Inflation has barely budged in recent months, and that trend is likely continued in November, as measured by the Consumer ...
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