CPI, PPI, Rate Cut Odds
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CPI Inflation HitsInvestor's Business Daily
•CPI Inflation Sticky, But Futures Rise (Live Coverage)
82% Informative
S&P 500 futures pointed modestly higher after the CPI report.
The odds of a Fed rate cut at the Dec. 18 meeting are now close to 100% , with markets not seeing much shift to the 2025 outlook so far.
The 10-year Treasury yield is still at 4.23% , paring slim pre-CPI gains.
Economists expect a 0.3% overall monthly rise, lifting the 12-month CPI inflation rate to 2.7% , as expected.
Core prices, excluding food and energy, are seen rising 0.2% in November .
S&P 500 futures are pointing up 0.1% in early Wednesday stock market action, improving slightly.
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