Logistically Speaking - Hot Sheet Week 50

US Inflation in Line with Forecasts

In November, U.S. consumer prices rose steadily, aligning with expectations and reinforcing predictions that the Federal Reserve will reduce interest rates by 25 basis points in its upcoming meeting. Core consumer prices, which exclude food and energy costs, increased by 0.3% for the fourth consecutive month, representing a 3.3% rise year-over-year. Shelter costs, a key driver of inflation in recent years, advanced by 0.3%, but showed signs of cooling with their smallest gain since 2021. Overall inflation pressures have eased since their pandemic-era peak, but progress has plateaued recently, leading some policymakers to advocate for a gradual approach to rate cuts.