Inflation Report Sends Mixed Message Ahead Of FOMC

Overall consumer prices edged higher in the US last month from October, while core price growth matched expectations at 0.3% on a month-to-month basis. On a quick read, Tuesday's crucial inflation update from the world's largest economy did little to change the macro narrative ahead of 2023's final FOMC meeting. The 0.1% MoM advance on the all-items index was technically ahead of estimates. Consensus expected a second consecutive unchanged print on the headline measure. But the as-expected rea