Annual inflation rate eases from 3.2% in October to 3.1% in November.
US inflation has come in largely as expected, with the annual figure easing to 3.1% in November, partly due to lower energy costs. However, core inflation ticked up 0.3% in November after rising 0.2% in October. This keeps annual core inflation at 4.0% and will reinforce the Federal Reserve’s view that rate cuts are still some way off.
The information in this document is given for information purposes only and does not qualify as investment advice. Opinions and assessments contained in this document may change and reflect the point of view of GAM in the current economic environment. No liability shall be accepted for the accuracy and completeness of the information. Past performance is not an indicator for the current or future development.