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Here's the Breakdown for November CPI, in One Chart
The US annual inflation rate increased for the second consecutive month, reaching 2.7% in November 2024, up from 2.6% in October, aligning with forecasts. The rise reflects partially the low base effects from the previous year.
Food costs were up 2.4% compared with one year ago, after increasing by 2.1% YoY last month.
Energy costs decreased by 3.2% YoY, after decreasing by 4.9% YoY in September. Energy prices increased by 2.2% on a MoM base.
Used cars and trucks prices decreased by 3.4% YoY, unchanged from October.
Shelter costs were up 4.7% compared with one year ago, after increasing by 4.9% YoY in October.
The core CPI, which excludes volatile items, remained steady at an annual rise of 3.3% and a monthly increase of 0.3%, consistent with October's figures and expectations.
The CME FedWatch tool indicates that following the CPI announcement, the market has priced in a 97.7% probability of a 25 basis point rate cut at the December FOMC meeting.
Related Article: Here's the Breakdown for October CPI, in One Chart
By Moomoo North America Team Calvin
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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PurpleLyrics : what does it says
104392916 : Good
安行 : The Fed's interest rate cut indicates stability.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
几够力一下 : basically saying that its very certain a rate cut is coming in the US. what does it mean for us ? well, a rate cut usually leads to investors seeking higher return elsewhere, be it in commodities, equities, real estate or even cryptocurrency. what will happen essentially is alot of money will be flowing into these sectors with higher returns, and expect bull markets in several sectors soon and well into 2025 most likely
104840945 : But it says inflation rate increases. Is it bad for the market?
103497316 : bad for the markets
101775147 AL pyen : bye
J Servai (JLAPT) : $Rigetti Computing (RGTI.US)$
kelvin88gan : ok
103827803 : good