Close Navigation
Learn more about IBKR accounts

November Inflation Report: CPI Eases To 3.1% Annual Rate Ahead Of Fed Meeting

Posted December 12, 2023
Piero Cingari
Benzinga

According to the latest Bureau of Labor Statistics report, the Consumer Price Index (CPI) edged down to an annual rate of 3.1% in November, aligning with market expectations.

The inflation report comes right before the imminent start of the Federal Open Market Committee (FOMC) meeting, scheduled to wrap up Wednesday with the interest rate decision and Chair Jerome Powell‘s press conference.

Key Highlights From November Inflation Report:

  • The annual CPI inflation rate eased to 3.1% in November, down from October’s 3.2% and in line with the expected 3.1%.
  • On a monthly basis, the CPI increased by 0.1%, up from the flat reading expected and October’s figure.
  • The annual core inflation CPI stood at 4.1% in November, rising from both October and the previous 4%.
  • On a monthly basis, the core CPI increased by 0.3%, up from October’s 0.2% and in line with estimates.

Market Reactions

Before the release of the inflation report, the markets had incorporated the expectation that the Federal Reserve would commence a cycle of rate cuts in May 2024, with the potential for up to five rate reductions by December 2024.

Following the release of the November inflation data, the U.S. dollar, experienced a dip.

In the meantime, equity futures saw a decline, with S&P 500 contracts showing a 0.3% increase an hour before the opening bells in New York.

Originally Posted December 12, 2023 – November Inflation Report: CPI Eases To 3.1% Annual Rate Ahead Of Fed Meeting

Join The Conversation

If you have a general question, it may already be covered in our FAQs. If you have an account-specific question or concern, please reach out to Client Services.

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclosure: Benzinga

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Disclosure: Interactive Brokers

Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Benzinga and is being posted with its permission. The views expressed in this material are solely those of the author and/or Benzinga and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.