Consumer Prices Rose in November as Inflation Remains Sticky
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2024
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Source: investopedia.com
Inflation Trends: Consumer prices increased by 2.7% in November, with grocery prices experiencing their largest rise in nearly two years, indicating ongoing inflationary pressures on household budgets.
Federal Reserve Expectations: The Federal Reserve is anticipated to cut the benchmark fed funds rate at its upcoming meeting, with a high probability of a quarter-point reduction following the latest inflation report.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
