Inflation rises 2.7% in November, in line with expectations
Published On Dec 11, 2024, 8:32 AM
November saw a 2.7% rise in inflation, matching economists' expectations. The consumer price index (CPI) increased by 0.3% for the month, highlighting persistent price increases in everyday goods. Core prices, which exclude food and energy, also rose by 0.3% month-over-month. This data is central as the Federal Reserve prepares for its upcoming meeting, where discussions on interest rate adjustments will be pivotal.
Stock Forecasts
SPY
Negative
The inflation figures align with market expectations, suggesting that the Federal Reserve may proceed cautiously with interest rate cuts. The consistent annual inflation rate could lead to uncertainty in market risk appetite, potentially impacting sectors sensitive to interest rate changes.
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