Posted 12/11/2023, 7:53:11 PM
Inflation Expected to Ease Slightly in November but Remain High
- CPI report on Tuesday expected to show inflation cooled slightly in November to 3.1% annually, from 3.2% in October
- Lower energy prices likely held down headline figure; gas prices fell sharply in November
- Core inflation, excluding food and energy, expected to match October's 4% annual rise
- Used car prices and lodging costs expected to increase after declines in October
- Markets see almost no chance of a December rate hike from the Fed, but first cut not expected until at least June