U.S. stock futures climbed on Thursday following the release of cooler-than-expected November inflation data. The Consumer Price Index report — the first published since congressional Democrats’ lengthy government shutdown concluded last month — revealed a headline year-over-year inflation rate of 2.7%, per the Bureau of Labor Statistics.
Core CPI, stripping out volatile food and energy prices, rose 2.6% annually, the slowest pace since early 2021. This came in well below economists’ forecasts from Dow Jones, which had anticipated 3.1% for headline CPI and 3.0% for the core measure.
Meanwhile, initial unemployment claims fell to 224,000, slightly below estimates. They were expected to fall to 225,000 from 236,000 in the previous week.
MacDailyNews Take: Bodes well for Apple and likely adds pressure on the Fed to cut interest rates again in January by at least a quarter point.
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