Core Insights - US inflation unexpectedly cooled in November, with the Consumer Price Index (CPI) rising 2.7% over the past 12 months, down from 3% in September and below the expected 3.1% increase [1][3] - The Core CPI, which excludes food and energy prices, increased by 2.6%, significantly lower than the anticipated 3% rise [3] - The November inflation report did not include monthly figures due to the cancellation of the October report caused by a government shutdown that disrupted data collection [3] Federal Reserve Actions - The Federal Reserve cut interest rates for the third time this year in response to price pressures, despite facing a weakening labor market [4] - Fed Chairman Jerome Powell cautioned that upcoming economic data may be distorted due to the government shutdown and should be interpreted with skepticism [4]
US inflation cools to 2.7% in November in first report after government shutdown
New York Post·2025-12-18 13:52