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.
A Federal Reserve rate cut is expected Dec. 18, but the November CPI inflation report could trigger a hawkish shift for next ...
Traders in the federal-funds-futures market are pricing in a very high probability that the Federal Reserve will cut its benchmark rate next week. Will the market expectations become a self-fulfilling ...
CPI rose by 0.3 percent for the month, as did core CPI. Declines in inflation have clearly leveled off at a pace still in ...
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