U.S. Inflation Data Shows Lower Than Expected CPI in November
- The Consumer Price Index (CPI) rose by just 2.7% year-over-year in November, below the expected 3.1%.
- Core CPI, excluding food and energy, increased by 2.6%, against forecasts of 3%.
- Bitcoin’s price reacted positively, trading above $88,000, after adding about 0.5% to earlier gains.
- U.S. stock index futures rose, with the Nasdaq 100 gaining 1.15%.
- The yield on the 10-year Treasury slipped two basis points to 4.12%.
The lower inflation figures may influence the Federal Reserve’s decisions regarding interest rates, as markets now estimate a 73% chance of rates remaining unchanged at the January meeting.
With CPI rising only 2.7%, this unexpected data could have significant implications for economic policy and market movements.(Source)
