Consumer price index data showed that progress lowering core inflation remained stuck in November, but the details were less concerning than the headline numbers. The S&P 500 rose solidly after the CPI release, as markets priced in nearly 100% odds of a Federal Reserve rate cut next week. Still, stubbornly high inflation and a buoyant S&P 500 may lead Fed policymakers to signal fewer-than-expected rate cuts in 2025 next week, when they update quarterly projections. The overall CPI...