Inflation saw another increase in November, aligning with analysts’ predictions in the final report of the year concerning rising consumer prices, ahead of a projected rate cut next week.…
Data from the Bureau of Labor Statistics released on Wednesday indicated a 2.7% rise in consumer prices from November 2023 to last month, which matched the average analyst estimates of 2.7%, as reported by FactSet.…
Core inflation, which excludes food and energy costs, remained steady with October’s annual rate increase of 3.3% and a monthly rise of 0.3%.…
Following the inflation report, stock futures experienced a slight uptick. Dow Jones Industrial Average futures increased by 0.2%, the S&P 500 rose by 0.4%, and Nasdaq 100 futures climbed by 0.6%. Additionally, the implied probability of another interest rate cut by the Federal Reserve next week rose to over 87%, according to CME’s FedWatch Tool, which monitors derivatives trades betting on the Fed’s policy.