US Inflation Climbs to 2.7% in November, Marking Fourth Month of Gains

US inflation rose to 2.7% in November, aligning with Wall Street forecasts and increasing the likelihood of a Federal Reserve rate cut next week. The inflation rate, slightly higher than October's 2.6%, supports a potential quarter-point rate cut, which would adjust interest rates to a range of 4.25-4.5%. The Fed faces challenges balancing inflation control and labor market health, with future rate cut trajectories uncertain. US stocks rose following the inflation data, while concerns about potential economic impacts of President-elect Trump's policies were noted by officials.