US markets react as November inflation data cools
The U.S. economy is showing signs of cooling inflation, with the personal consumption expenditures (PCE) price index rising only 0.1% in November, less than expected. According to a recent Reuters report, this represents a softer trajectory for inflation compared with October's 0.2% increase, providing some comfort to markets facing the Fed's current monetary stance. Also Read: Dollar Hits All-Time Highs Amid Fed Signal Data from IndexBox showed that the PCE price index rose 2.4% in the year to November, up from 2.3% in October. Excluding the volatile food and energy categories, the core personal consumption expenditures index also rose 0.1%, compared with an unrevised gain of 0.3% last month. Despite these figures, annual core inflation remained at an increase of 2.8%. Stocks showed cautious optimism, with the S&P 500 managing to pare losses to -0.51%. Meanwhile, U.S. Treasury yields fell; the 10-year yield fell to 4.506% and the two-year yield fell to 4.259%. The U.S. dollar index fell 0.42%. Market…
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