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Traders brace for key inflation data this week 

Author: Content Editor
The US equity markets were quiet on Tuesday as traders awaited key inflation data. Analysts expect November's consumer price index (CPI) to show a 2.7% annual increase, with core CPI (excluding food and energy prices) projected to increase by 3.3% annually and 0.3% month-over-month. Housing costs, used cars and trucks, medical care, and airline fares all saw monthly increases in October. The inflationary numbers will be considered alongside the strong November jobs report, which showed an addition of 227,000 jobs, an increase in hourly wages, and a rise in unemployment. Despite these figures, Fed funds futures markets are certain that the Federal Reserve will cut interest rates by 25 basis points next week. The focus now shifts to the year 2025, where the Fed's cutting cycle and the new presidency will bring uncertainty and potentially new economic policies.

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