- December 14, 2022
- Posted by: Stratford Team
- Category: Economy
CPI Report and Rate Hike Probabilities
“The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in November on a seasonally adjusted basis, after increasing 0.4 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.1 percent before seasonal adjustment.
The index for shelter was by far the largest contributor to the monthly all items increase, more than offsetting decreases in energy indexes. The food index increased 0.5 percent over the month with the food at home index also rising 0.5 percent. The energy index decreased 1.6 percent over the month as the gasoline index, the natural gas index, and the electricity index all declined.”
Tomorrow the Federal Reserve will conclude its last FOMC meeting this year which will be followed by the release of a Fed statement and a press conference led by Chairman Powell. Today’s CPI report is the data that the Fed…
