US November CPI Inflation Hits 2.7% Year-Over-Year, Aligning with Expectations; Core CPI Steady at 3.3%

US inflation, measured by the Consumer Price Index (CPI), rose to 2.7% year-over-year in November, up from 2.6% in October, matching forecasts. Core CPI remained steady at 3.3% annually. The monthly increase for both CPI and core CPI was 0.3%. Despite these figures, market expectations for a December Fed rate cut remain strong, with minimal impact on the US Dollar's valuation.