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US inflation ticks up 2.7% in November 'clearing the way' for third Fed rate cut
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investmentweek.co.ukData released on Wednesday (11 December) from the Bureau of Labor Statistics was 0.1 percentage point higher than October's Consumer Price index of 2.6%. Similarly, CPI increased 0.3% on a seasonally adjusted basis in November, having risen 0.2% in each of the previous four months. Significant drivers of the increase in prices include the index for shelter, which rose 0.3% in November, accounting for almost 40% of the monthly total items increase. US economy expands by 2.8% in Q3 Cars and trucks, household furnishings and operations, medical care, new vehicles and recreation ...
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