"US Consumer Price Index Indicates Potential Easing Ahead of Fed Meeting"

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.