CPI: Live Updates on Latest Inflation Report

Published On Dec 11, 2024, 7:58 AM

Fresh inflation data released recently indicates that inflation is slightly rising, with the Consumer Price Index expected to increase to 2.7% for November from 2.6%. This report is crucial as Federal Reserve policymakers prepare for their final meeting of the year on December 17-18, where they'll decide on possible interest rate cuts. While inflation has been cooling since its peak in summer 2022, recent signs of stalled progress have raised concerns. The Fed is cautious as they consider the underlying strength of the economy, which is growing robustly, complicating their decision-making process regarding interest rate adjustments.

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Stock Forecasts

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Negative

The increase in inflation could lead the Federal Reserve to reconsider further rate cuts, especially if inflation remains above their target. This situation may prompt market uncertainty, particularly in sectors sensitive to interest rates.

XLYView XLY chart on TradingView

Positive

An strengthening economy with robust consumer spending indicates a potential for continued growth in financial sectors, despite inflation concerns. This could keep market sentiments moderately positive in the long run, particularly for consumer discretionary stocks.

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