by Mike Maharrey
GoldSeek
It seems the best we can hope for on the inflation front is a CPI report “in line with forecasts.”
The mainstream media was giddy, and the markets responded positively to the November CPI report because every metric came in as expected.
But the report wasn’t good – at least it wasn’t if you’re hoping for some relief from rising prices.
The CPI data indicates that we’re stuck on inflation.
Nevertheless, the report seemed to cement expectations that the Federal Reserve will once again cut interest rates at the December meeting. According to the CME Group’s FedWatch measure, the odds of a December cut rose to 99 percent after the CPI data came out Wednesday.