Wednesday's CPI Report: Key to December Rate Cut Decision
TL;DR Summary
The upcoming Consumer Price Index report is expected to show a slight increase in the annual inflation rate to 2.7% for November, up from 2.6% in October, marking the highest rate since July. This persistent inflation poses a challenge for the Federal Reserve, which aims to reduce inflation to 2% while managing interest rates. The report will be crucial for the Fed's upcoming policy meeting, as higher-than-expected inflation could affect decisions on interest rate cuts. Housing and energy costs are significant contributors to the inflation trend.
Topics:business#consumer-price-index#economy#federal-reserve#inflation#interest-rates#monetary-policy
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- CPI likely to support a December rate cut: Economist Yahoo Finance
- November CPI Forecasts Show Stalled Progress on Inflation Morningstar
- Rates Spark: CPI Wednesday a test for longs ING Think
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