Inflation Data: Dollar's Uneven Picture

Novembers inflation data came in lower than expected, with headline inflation at 2.7% and core at 2.6%. However, the report was skewed due to the government shutdown, missing crucial month-over-month changes. Persistent pressures like rising furniture, household items, and shelter costs were evident. The dollars volatile year, plunging in the first half and stagnating since, reflects investor concerns about slower growth, tariffs, and waning U.S. advantages. Thursdays inflation read didnt alleviate these worries, leaving markets cautious about tariffs and uncertainty, questioning Americas edge and its impact on currencies.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.