"US Consumer Price Index Indicates Potential Easing Ahead of Fed Meeting"
TL;DR
The US Consumer Price Index (CPI) is expected to rise 3.1% YoY in November, down from the 3.2% increase in October. The Core CPI, which excludes volatile food and energy prices, is forecast to hold steady at 4%. The CPI data could impact the valuation of the US Dollar ahead of the Federal Reserve's policy announcements. The Fed is widely expected to leave interest rates unchanged at its last meeting of the year, but the decline in inflation and signs of a cooldown in the labor market have led to speculation of a policy shift.
Topics:top-newseconomy#economy#federal-reserve#inflation#monetary-policy#us-consumer-price-index#us-dollar
- US Consumer Price Index looks set for further easing ahead of Federal Reserve meeting FXStreet
- Inflation expected to have cooled further last month as energy prices tick down Yahoo Finance
- What to Watch in CPI Report: Firm Underlying Inflation Could Complicate Prospect for Interest-Rate Cuts The Wall Street Journal
- November inflation report likely to show prices cooled last month Fox Business
- How stocks react to CPI data Yahoo Finance
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