12 November 2024 US Monitor FOMC likely to ease again, despite another 0.3% rise in the core CPI
11th Nov 2024 10:23USWeekly Monitor
- The core CPI likely rose by 0.3% in October, driven by used auto prices and hotel room rates.
- Underlying services inflation, however, probably continued to decline; rent inflation likely cooled too.
- November's CPI data should reassure the FOMC that it can ease policy again at next month's meeting.
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