U.S. CPI rose to a three-month high in line with expectations
November 13, the U.S. October unquartered CPI annual rate of 2.6%, expected 2.6%, the previous value of 2.4%. In line with market expectations, a three-month high, stopping the “six consecutive losses”.
Analyst Megan Leonhardt said: one month of data is unlikely to change the Fed's interest rate outlook, especially in the case of labor market weakness. As inflation fades, the Fed has cut interest rates twice to ensure that the job market remains strong.
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