trending Market Intelligence /marketintelligence/en/news-insights/trending/iwqNAbxI0KyXCrQFmSg92w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

US annual core inflation steady in November, ahead of Fed decision

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

US annual core inflation steady in November, ahead of Fed decision

U.S. annual core inflation was flat at 2.3% in November compared with the prior month, as the Federal Reserve prepared to take a break from cutting interest rates on Dec. 11.

The consensus estimate of economists polled by Econoday was for an annual core inflation rate of 2.3% in November.

On a monthly basis, the core inflation, which excludes food and energy, came in at 0.2% in November, data from the U.S. Bureau of Labor Statistics showed, matching the Econoday consensus estimate and prior month's reading of 0.2%.

Indexes for shelter, medical care, recreation, used cars and trucks, and apparel rose month over month in November, while those for new vehicles and airline fares fell.

The broader U.S. consumer price index advanced 2.1% year over year in November, higher than the Econoday consensus estimate of 2.0% and October's growth rate of 1.8%. Energy prices declined 0.6% on a yearly basis, while food prices climbed 2.0%.

On a monthly basis, the consumer price index gained 0.3% in November following a 0.4% print in the previous month.

The Federal Reserve, which is due to announce its monetary policy decision later in the day, targets 2% annual inflation.

The data follows higher consumer expectations for future inflation in November, as reported by the Federal Reserve Bank of New York.