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CPI Report Today: Stock Indexes Rise After Inflation Data Boosts Rate-Cut Hopes
U.S. stocks rose after new inflation data bolstered expectations the Federal Reserve will cut interest rates next week.
Prices rose 2.7% in the 12 months through November, the consumer-price index showed. That was right in line with consensus expectations, and up from a 2.6% rate as of October.
Core prices, which exclude volatile food and energy costs, were up 3.3%, also matching forecasts, the report from the U.S. Bureau of Labor Statistics showed.
While price pressures remain...