Consumer Inflation Hits 2.7% In November As Fed Weighs Further Rate Cut

Benzinga

The consumer price index rose 2.7% annually in November, up by ten basis points from October, according to the Bureau of Labor Statistics. Core CPI remained stable annually and increased monthly, aligning with Dow Jones expectations. Federal Reserve officials are weighing their next policy move ahead of next week’s meeting. Markets anticipate a quarter-point rate cut on Dec. 18, followed by a pause in January to assess the effects of recent reductions.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Consumer price index rose 2.7% annually in November, up by 10 basis points from October,

00:08according to the Bureau of Labor Statistics. Core CPI remains stable annually and increased

00:13monthly, aligning with Dow Jones expectations. Federal Reserve officials are weighing their

00:18next policy move ahead of next week's meeting. Markets anticipate a quarter-point rate cut

00:23on December 18th, followed by a pause in January to assess the effects of recent reductions.

00:28For all things money, visit Benzinga.com slash GSTV.

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