US consumer inflation cools unexpectedly in November
Summary
US consumer inflation unexpectedly slowed to 2.7% in November, below predictions, despite ongoing tariff impacts and data collection disruptions from the government shutdown.
Key Points
- US consumer inflation slowed to 2.7% in November, below analysts' expectations of 3.1%.
- The data was affected by a prolonged government shutdown causing disruptions in data collection.
- Core inflation excluding food and energy rose 2.6%, above the Federal Reserve's 2% target.
- Federal Reserve remains cautious due to data distortions and ongoing inflation pressures from tariffs and other sectors.
