US inflation rises 2.7%, solidifies bets on Fed cut

US CONSUMER PRICES rose at a firm pace in November that was in line with expectations, solidifying expectations for the Federal Reserve to cut interest rates next week.

- AUGUSTA SARAIVA

The so-called core consumer price index—which excludes food and energy costs—increased 0.3% for a fourth straight month, Bureau of Labor Statistics figures showed Wednesday. From a year ago, it rose 3.3%.