Daily Archives: December 12, 2024

Macro Briefing: 12 December 2024

US consumer inflation edged higher to a 2.7% year-over-year pace in November, marking a second straight month of slightly higher increases. Core CPI, which strips out volatile food and energy prices, held steady at a 3.3% rate. “In-line core inflation clears the way for a rate cut at next week’s [Federal Open Market Committee] meeting,” says Whitney Watson, global co-head and co-CIO for fixed income at Goldman Sachs Asset Management. “Following today’s data the Fed will depart for the holiday break still confident in the disinflation process and we think it remains on course for further gradual easing in the new year.”

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