🚨🇺🇲 U.S. CPI data for November 2024 will be released in 60 minutes.
🕕6:30 PM Pakistan Time
November, the market predicts a 0.2% monthly increase in the US CPI, and an annual inflation rate slightly rising to 2.7% from 2.6% in October. The core-inflation in November is expected to remain at 3.3%.
If there is a significant increase in November US inflation data, FOMC may have to decide to pause cutting rates. The US Fed has already cut rates by 75 bps in the previous two meetings. The Fed cut its interest rate by 50 bps in September and 25 bps in November’s FOMC meeting.