Inflation Moderates in November, Meeting Economist Forecasts
• CPI inflation slowed to 3.1% year-over-year in November from 3.2% in October, meeting economist forecasts
• Monthly headline CPI rose 0.1%, in line with expectations and up from no change in October
• Core CPI, excluding food and energy, increased 0.3% monthly and 4% from a year ago, matching forecasts
• Bitcoin price barely changed after report, remaining modestly higher on the day around $41,900
• Inflation data unlikely to change expectations that Fed will remain on hold at next two policy meetings