The headline Consumer Price Index (CPI) showed a 2.7% year-over-year increase, slightly above the 2.6% recorded in October, aligning with market expectations.
The Core CPI, which excludes food and energy, remained steady at 3.3% year-over-year, highlighting the Fed's challenges in managing inflation without destabilizing the economy.
While energy costs declined by 3.2% year-over-year, food prices increased by 2.4%, driven by higher prices for meats, poultry, and eggs, indicating mixed trends within the CPI components.
Markets expect a more moderate monetary policy for 2025, with the potential for three 25-basis-point cuts, influenced by economic policies proposed by Donald Trump.
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