Trend is “bumpy”; US CPI up 0.3% in November, rises to 2.7% over year

11 December 2024

 

Summary: US CPI up 0.3% in November, in line with expectations; annual inflation rate ticks up 2.6% to 2.7%; “core” rate up 0.3%, up 3.3% over year; ANZ: services sector seems to be showing evidence of disinflation, although trend is bumpy; US Treasury yields up; rate-cut expectations soften; Westpac: largely be attributable to strong growth in used car and truck prices; non-energy services again main driver of overall result. The...

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