At a time when the Federal Reserve became cautious about cutting interest rates, the US inflation rate in November rose to 2.7%.

On December 11th, Golden Data News reported that the inflation rate in the United States in November rose to 2.7%, in line with economists’ expectations and higher than the 2.6% level in October. The data highlights concerns about sticky inflation following the rise in inflation in October. It is widely expected that the Fed will cut interest rates for the third consecutive time by 25 basis points next week, but the pace of rate cuts next year is uncertain as the Fed is striving to maintain inflation close to 2% and a healthy labor market. As the Interest Rate reaches a more ‘neutral’ level, high enough to curb inflation but low enough to protect the labor market, officials have discussed slowing down the pace of rate cuts. They argue that if the actions are too fast, inflation may stay above the 2% target, but if they are too slow, the unemployment rate may rise sharply.