Core CPI inflation picked up slightly to 2.2% in November
Core CPI prices rose 0.2% in November, in line with expectations. The year-over-year core inflation rate picked up slightly to 2.2% from 2.1%. Overall CPI prices were flat (with energy prices down 2.2%) and the 12-month headline inflation rate fell to 2.2% from 2.5%. The Fed heads into its December policy meeting with both headline and core CPI running at 2.2% on a year-over-year basis, which is a pace that is broadly consistent with PCE price inflation running around the Fed’s 2% target.
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
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