The US Consumer Price Index “US Core CPI” changes, a critical inflation gauge for the FED and traders were released this morning, the core CPI which excludes energy and food prices due to their volatile nature rose 0.3% for November 2023 after its previous October 2023 increase of 0.2%, as for the Core CPI y/y, it reflected an increase of 0.4%, although both were in line with analysts’ expectations, the changes still reflected that inflation is not likely to fall that quick to the FED’s target of 2%. An initial reaction to this morning’s news was a percentage of traders began reducing their speculative expectations ... (full story)