Released this morning, the Consumer Price Index, a measure of inflation, was flat for November and has increased 2.2% on an annual basis. The core rate, excluding food and energy, increased 0.2% in November and has also increased 2.2% on an annual basis, slightly higher than the 2.1% annual increase the previous month. Both results were as expected and indicate inflation remains in check and near stated targets, despite a firm labor market with low unemployment levels. The comments following the Federal Reserve’s meeting next week will be an important indication of what interest rate policy may be in the months ahead. In all, equity futures are higher this morning heading into the market open.
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