US Inflation Moderates in Line With Expectations, Supporting Potential Fed Pause
• US stock futures gain after November CPI meets estimates, supporting Fed pausing rate hikes
• Inflation rose 0.1% monthly and 3.1% annually, matching expectations
• Core CPI, excluding food and energy, rose 0.3% monthly and 4% annually, in-line with forecasts
• Falling energy prices drove the monthly gain, while shelter costs continue rising
• Oracle stock sinks over 8% premarket after company's sales fall short of estimates