CPI rose 2.7% in November from a year ago as Fed struggles to snuff out inflation
Last month's CPI was forecast to come in at 2.7%, according to economists surveyed by financial data firm FactSet. The Consumer Price Index, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.
November CPI report: Overall and core inflation rise 0.3%. Investors bet on Fed rate cut.
The index for rent in the November CPI data rose 0.2%, according to the data released Wednesday. That's the lowest reading since July 2021. Owners equivalent rent, which estimates what homes would receive from renting their homes, rose 0.2%, the smallest gain since April 2021.
Inflation increased at its fastest monthly rate since the spring and saw its highest annual rate of increase in several ...
CPI rose by 0.3 percent for the month, as did core CPI. Declines in inflation have clearly leveled off at a pace still in ...
U.S. stock index futures moved higher on Wednesday as investors stuck to their bets of the Federal Reserve cutting interest ...
U.S. consumer prices rose in line with analysts' expectations, according to the Bureau of Labor Statistics monthly report ...
Consumer Price Index data sealed the deal for a December rate cut, but the outlook for next year is less certain.
Traders in the federal-funds-futures market are pricing in a very high probability that the Federal Reserve will cut its benchmark rate next week. Will the market expectations become a self-fulfilling ...
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what to know about the prices of products after ...
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