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OverviewAPI
November's CPI inflation report is expected to show a cooling of inflation, with headline inflation potentially being flat month-on-month and 3% on an annual basis. Core CPI, excluding food and energy, is predicted to grow 0.3% month-on-month and 4% annually, which is above the Fed's 2% annual inflation target. Services inflation is a key area of focus, as it may continue to rise due to wage components. Additionally, deflation in goods is expected to return, particularly in car prices and commodity pricing. Shelter costs, a significant component of the CPI index, are also anticipated to show deceleration. The Fed's reaction to the CPI report will be closely watched, as it is set to make an interest rate decision the following day.

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