November CPI Report: Cooling Inflation Gives The Fed Doves The Upper Hand
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Principal Financial Group1.2K FollowersFollow5ShareSavePlay(6min)CommentsSummaryThe annual headline rate was 2.7%, down from 3.0% in September and well below the expected 3.1%.Core inflation, which strips out food and energy, also rose 0.2% over the same two-month period - below the year-to-date average and marking the smallest two-month increase since June of last year.The energy category saw a reacceleration in prices, posting a 4.2% year-over-year increase, up from 2.8% in September and the highest reading since February 2023. Andrii Dodonov/iStock via Getty Images By Seema Shah, Chief Global Strategist and Magdalena Ocampo, Market Strategist As the BLS was unable to gather October survey data due to the government shutdown and could not retroactively collect it, this month’s releaseThis article was written byPrincipal Financial Group1.2K FollowersFollowThe Principal Financial Group (The Principal®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $519.3 billion in assets under management1 and serves some 19.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States.
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