November consumer prices rose at a 2.7% annual rate, lower than expected, delayed data shows

Group 1 - Core CPI increased by 2.6% over 12 months, lower than the expected 3% increase [1] - The consumer price index rose at a 2.7% annualized rate last month, while economists expected a rise of 3.1% [1][2] - The report is the first to cover the period during the U.S. government shutdown, which disrupted data collection and led to the cancellation of the October CPI release [2][3] Group 2 - Economists may be cautious in interpreting the report as a sign of a downward trend in inflation due to the absence of October comparison data [3] - Investors are analyzing the report for insights on future Federal Reserve monetary policy moves, especially after the Fed cut its benchmark overnight rate by 25 basis points for the third consecutive time [4] - A stable CPI suggests the Fed is focused on protecting the employment market, indicating a potential "Fed put" for the economy, which could support stock prices [5] Group 3 - Following the report, stock futures rose, with S&P 500 futures up about 0.5%, breaking a four-day losing streak [6] - Treasury yields decreased, with the 10-year note yield trading around 4.11% [6]