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.

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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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