Market
Will the Federal Reserve cut interest rates by 25 basis points in December 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Federal Reserve's official announcement and meeting minutes
Story
US Inflation Rises 0.3% in November; Annual Rate at 2.7%, Above Fed's Target
Dec 11, 2024, 01:31 PM
US consumer prices rose in November, with the Consumer Price Index (CPI) increasing 0.3% month-over-month and 2.7% year-over-year, both figures matching economists' expectations. Core CPI, excluding food and energy, also rose 0.3% month-over-month and 3.3% year-over-year, as anticipated. This marks the second consecutive month of rising annual inflation and the highest rate since July, indicating that inflation pressures remain persistent and above the Federal Reserve's 2% target. The data aligns with forecasts from major banks and may reinforce expectations for the Federal Reserve to cut interest rates by 25 basis points at its meeting next week.
View original story
Similar markets
Cut by 25 basis points • 25%
Increase rates • 25%
No change • 25%
Cut by more than 25 basis points • 25%
Rate increase • 25%
25 basis point cut • 25%
50 basis point cut • 25%
No change • 25%