In November, inflation in the USA amounted to 2.7 per cent compared to 2.6 per cent the previous month. The increase is, however, expected, with Bloomberg's compilation standing at exactly 2.7 per cent, which also applies to the so-called core inflation, which has landed at 3.3 per cent.
From a market perspective, a sigh of relief is now being drawn. Today's figures are the last before the Federal Reserve presents its next interest rate decision. Bloomberg now states that an interest rate cut of 25 points is essentially set in stone next week, something that an inflation surprise in theory could have changed.
Futures trading on the New York stock exchanges is also rising, as interest rate cuts traditionally benefit the stock market. The increases are, however, marginal.
