The monthly headline CPI exhibited a 0.1% increase, meeting expectations and surpassing October's 0.0%

In November, the Consumer Price Index (CPI) aligned with economists' predictions, registering a headline inflation rate of 3.1%, a slight decrease from the previous month's 3.2%. The monthly headline CPI exhibited a 0.1% increase, meeting expectations and surpassing October's 0.0%. The core CPI, excluding volatile food and energy components, showed a 0.3% rise on a monthly basis, in line with projections and up from October's 0.2%. The annual core CPI was 4%, aligning with forecasts and matching the October figure of 4%.

The latest inflation figures are unlikely to significantly alter market expectations regarding the U.S. Federal Reserve's stance. The consensus remains that the Fed will maintain its current policy, holding the benchmark fed funds rate within the 5.25%-5.5% range at the upcoming two policy meetings. U.S. stock index futures experienced a modest increase post-data release, with the S&P 500 up by 0.25%. Simultaneously, the 10-year Treasury yield declined by one basis point to 4.22%.