Wholesale inflation was softer than expected, retail sales moved higher in November

Economic Data Summary - Wholesale prices increased by 0.2% in November, which was below the expected 0.3% gain, but slightly higher than October's figure [1] - Core PPI, excluding food and energy, remained flat against expectations of a 0.2% increase, while headline PPI rose 3% year-over-year, exceeding the Federal Reserve's 2% target [2] - The increase in PPI was largely driven by a 0.9% rise in goods prices, with over 80% of this attributed to a 4.6% surge in energy prices [2] Consumer Behavior - Retail sales rose by 0.6% in November, surpassing the expected 0.4% increase, with sales excluding autos up by 0.5% compared to the 0.3% estimate [3] - The year-over-year retail sales growth was 3.3%, outpacing the 2.7% increase in the consumer price index for the same month [4] - Various sectors, including motor vehicle dealers, building materials, gas stations, and sporting goods stores, reported sales gains exceeding 1% [3] Market Reaction - Financial markets showed minimal reaction to the economic data, with stock futures indicating a downward trend and Treasury yields remaining flat [4] - Traders are pricing in virtually no chance of a Federal Reserve rate hike in the upcoming meeting [4]