11.12.2024 16:40
The inflation figures that the markets have been eagerly awaiting in the U.S. have been released. In November, inflation in the U.S. came in at 2.7%, in line with expectations.
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.