Reported 3 days ago
Inflation data for November confirmed predictions, with the Consumer Price Index (CPI) increasing 2.7% year-over-year, slightly up from October's 2.6%. The Federal Reserve is likely to proceed with a 25 basis point rate cut in December, with market predictions rising to 97% certainty. Core inflation remains a concern, mainly influenced by rising shelter and service costs, despite overall inflation remaining above the Fed's 2% target. Economists warn that incoming policies from President-elect Trump could pose further inflation risks.
Source: YAHOO