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US: Inflation Shows Further Signs of Easing and Supports the Case for Fed Dialing Back on Rate Hikes Tomorrow 

US: Inflation Shows Further Signs of Easing and Supports the Case for Fed Dialing Back on Rate Hikes Tomorrow 
Consumer price inflation increased by 0.1% month-on-month (m/m) in November, coming in well below the 0.4% m/m increase in October. On a year-over-year (y/y) basis, headline inflation edged lower by 0.6 percentage points (pp) from the month prior, slowing to 7.1%. Energy prices fell by 1.6% m/m, as both gasoline prices (-2.0% m/m) and energy […] The post US: Inflation Shows Further Signs of Easing and Supports the Case for Fed Dialing Back on Rate Hikes Tomorrow appeared first on Action Forex... Read More
Posted: Dec 13 2022, 14:31
Author Name: actionforex
Views: 110614

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