It was expected that inflation in the US would be announced at 2.7%. Core inflation is predicted to remain at 3.3% in November. The Consumer Price Index (CPI) in the US increased by 0.3% in November and by 2.7% on an annual basis. Markets expected the CPI to rise by 0.3% in November and by 2.7% on an annual basis. The monetary policy decisions to be made by the US Federal Reserve (Fed) at its last meeting of the year on December 17-18 are in focus for investors. In the pricing of money markets, it is anticipated that the Fed will likely implement a 25 basis point interest rate cut this month with an 86% probability.
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