Reported 1 day ago
November's Consumer Price Index (CPI) data showed a 2.7% year-over-year increase in consumer prices, aligning with forecasts and reinforcing expectations of another interest rate cut by the Federal Reserve in December. Core inflation remains persistent due to rising shelter and service costs, while concerns about potential future inflation increases arise from President-elect Trump's proposed policies. This data has heightened market anticipation for a 25 basis point rate cut, with current probabilities climbing significantly.
Source: YAHOO