US inflation ticked up to 2.7% in November, with food and shelter costs driving the increase.

US inflation rose to 2.7% in November, up from 2.6% in October, driven by higher food and housing costs. The Consumer Price Index (CPI) increased by 0.3% month-over-month, matching forecasts. Core CPI, which excludes food and energy, increased by 3.3% year-over-year. The Fed is expected to cut interest rates by a quarter-point at their next meeting, as inflation remains below its peak but above the 2% target.

3 months ago
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