Inflation Cools in November, Bolstering Hopes Fed Will Pause Rate Hikes
• Inflation cooled in November on an annual basis to 3.1%, bolstering hopes Fed will hold rates steady
• Prices ticked up 0.1% month-over-month; core inflation remained unchanged at 4% annually
• Falling energy prices, especially gas, contributed to slower inflation, but shelter costs continued rising
• Used car prices and egg prices saw noticeable monthly increases in November
• Markets expect the Fed to hold off on rate hikes for now, but economist doubt cuts will come as early as March