A food shopper browses for groceries ahead of the Thanksgiving Day holiday at an Albertsons supermarket in Redmond, Washington, U.S., November 24, 2025.<\/p>\n
David Ryder | Reuters<\/p>\n
The U.S. inflation numbers<\/a> in November looked supremely encouraging, with the annual headline rate coming in 0.4 percentage points less than expected. But don’t get too happy about them yet. <\/p>\n It’s the first consumer price report released by the Bureau of Labor Statistics since the U.S. government shutdown ended: October’s figures vanished into the void because the agency was “unable to retroactively collect these data<\/a>.” <\/p>\n The BLS added that November’s CPI “did not include 1-month percent changes for November 2025 where the October 2025 data are missing.” It also said that certain survey data were “carried forward to October 2025<\/a> from September 2025.”<\/p>\n Evercore ISI’s Krishna Guha said<\/a> it appears the BLS “put in zero inflation in multiple categories” when calculating housing inflation in some cities.<\/p>\n In other words, it’s a noisy report. Federal Reserve Chair Jerome Powell once described setting interest rates as “navigating by the stars under cloudy skies<\/a>.” With November’s CPI report, the stars aren’t just obscured by clouds \u2014 they could be mirages, unidentified flying objects, a seagull that picked up an LED light from the beach.<\/p>\n Nonetheless, investors celebrated the numbers. The CPI report, along with a 10.2% surge in Micron<\/a> shares on the back of an expectation-busting earnings report<\/a>, lifted major indexes. <\/p>\n Perhaps it’s the holidays suffusing the air with unbridled cheer. Or maybe it’s all rather like having a feast during Christmas \u2014 the calories only count in the new year.<\/p>\n \u2014 CNBC’s Sean Conlon contributed to this report.<\/p>\n What you need to know todayAnd finally…<\/p>\n The Bank of England (BOE) in the City of London, UK, on Monday, Dec. 15, 2025. <\/p>\n Bloomberg | Bloomberg | Getty Images<\/p>\n","protected":false},"excerpt":{"rendered":"A food shopper browses for groceries ahead of the Thanksgiving Day holiday at an Albertsons supermarket in Redmond,…\n","protected":false},"author":3,"featured_media":457674,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,81,144,8001,52201,266,135,209405,7070,143,7997,6769,209406,145,67,132,68,7999],"class_list":{"0":"post-457673","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-business-news","10":"tag-dow-jones-industrial-average","11":"tag-economic-events","12":"tag-icici-bank-ltd","13":"tag-inflation","14":"tag-markets","15":"tag-medline-inc","16":"tag-micron-technology-inc","17":"tag-nasdaq-composite","18":"tag-nikkei-225-index","19":"tag-prices","20":"tag-prudential-financial-inc","21":"tag-sp-500-index","22":"tag-united-states","23":"tag-unitedstates","24":"tag-us","25":"tag-world-markets"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115746090863572137","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/457673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=457673"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/457673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/457674"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=457673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=457673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=457673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}