November inflation data meets forecasts as Fed debates final rate decision of the year
Published On Dec 11, 2024, 8:31 AM
The November Consumer Price Index (CPI) report shows a 2.7% annual increase in inflation, slightly up from October's 2.6%. The monthly rise was 0.3%, matching predictions. Core inflation, excluding food and gas, also increased by 3.3% year-over-year. These figures suggest the Federal Reserve may lower interest rates again in December, although upcoming political changes could complicate decisions.
Stock Forecasts
SPY
Positive
Given the inflation data aligning with forecasts, the Federal Reserve is likely positioned to lower interest rates in December. This could foster a favorable environment for stock prices as cheaper borrowing costs might boost consumer spending and business investments, especially in sectors such as consumer discretionary and technology.
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