U.S. inflation data due Thursday is expected to show prices remain above the Federal Reserve’s target. The November Consumer Price Index (CPI) is forecast to rise 3.1% year over year, with core CPI (excluding food and energy) also at 3.1%, slightly higher than September’s 3%.
This will be the first official inflation reading since September, as the October report was canceled due to the 43-day government shutdown, which also disrupted the release schedule for other major economic data.
Economists say inflation pressures should ease as demand cools, though tariffs may keep goods prices elevated, while services inflation is expected to soften. With inflation still above target, markets expect the Fed to hold rates steady in January, with only a 25% chance of a rate cut next month.OEXN: Inflation to stay above Fed target in November as data schedule stabilizes
U.S. inflation data due Thursday is expected to show prices remain above the Federal Reserve’s target. The November Consumer Price Index (CPI) is forecast to rise 3.1% year over year, with core CPI (excluding food and energy) also at 3.1%, slightly higher than September’s 3%.
This will be the first official inflation reading since September, as the October report was canceled due to the 43-day government shutdown, which also disrupted the release schedule for other major economic data.
Economists say inflation pressures should ease as demand cools, though tariffs may keep goods prices elevated, while services inflation is expected to soften. With inflation still above target, markets expect the Fed to hold rates steady in January, with only a 25% chance of a rate cut next month.Publication date:
2025-12-18 12:11:12 (GMT)
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