Inflation Cooled Last Month

“Consumer prices rose less than expected in November, giving investors hope that inflationary pressures may be cooling enough for the U.S. monetary policy to be eased more than Wall Street anticipates,” CNBC reports.

“The consumer price index rose at a 2.7% annualized rate last month, a delayed report from the Bureau of Labor Statistics showed. Economists polled by Dow Jones expected CPI to have risen 3.1%.”