November CPI report marks latest test for Fed in fight against inflation

Published On Dec 10, 2024, 3:59 PM

The November Consumer Price Index (CPI) report is expected to show a slight increase in inflation, with headline inflation predicted at 2.7%, up from 2.6% in October. Core inflation, excluding volatile food and energy prices, is projected to maintain a level of 3.3% year-on-year. These inflation trends are crucial as the Federal Reserve considers a potential interest rate cut at its upcoming meeting. Economists are divided on the impact of airfares, with varying forecasts on whether they will rise or fall in the short term. Political factors, particularly the election and proposed economic policies, could also complicate future inflation control efforts by the Fed.