U.S. | November’s Core CPI Lends Support to Liftoff
Published on Tuesday, December 15, 2015 | Updated on Tuesday, December 15, 2015
U.S. | November’s Core CPI Lends Support to Liftoff
Summary
Headline CPI remained unchanged due to declines in food and energy prices. Core CPI rose 0.2% MoM and 2% YoY, driven by gains in the core services index. Despite weakness in core PCE, labor market and consumption gains support rate hike.
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Topics
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- Macroeconomic Analysis
Authors
Amanda Augustine
Kim Fraser