
US CPI Drives Policy Rate Cut Expectations Higher
The Consumer Price Index (CPI) for November 2024 rose by 0.3% month-over-month and 2.7% for the twelve months ended in November. Core CPI, which excludes volatile food and energy prices, increased by 0.2% MoM and 3.3% for the same 12-month period.

October CPI Met Market Expectations
The Consumer Price Index (CPI) for October 2024 modestly increased 0.2% MoM (+2.6% YoY), and the rate has remained unchanged since July. Core CPI, which excludes food and energy, rose 0.3% MoM (+3.3% YoY).