U.S. November CPI increased by 2.7% year-on-year, estimated to increase by 2.7%, previous value was an increase of 2.6%; November CPI increased by 0.3% month-on-month, estimated to increase by 0.3%, previous value was an increase of 0.2%.
U.S. November core consumer price index increased by 3.3% year-on-year, estimated to increase by 3.3%, previous value was 3.3%; increased by 0.3% month-on-month, estimated to increase by 0.3%, previous value was an increase of 0.3%.
After the release of U.S. November inflation data, traders increased their bets on a Federal Reserve rate cut in December. U.S. Treasury yields fluctuated lower, with the 10-year Treasury yield reported at 4.236%.