As curtains draw on the Federal Reserve's final 2021 meeting, all eyes are on chairman Jerome Powell as decisions on interest rates loom and expectations build about the economic forecast for the coming year. This pivotal moment coincides with fresh data being unleashed by the Labor Department. The newly released vital report shines a penetrating light on the current state of inflation in America.
The inflation landscape is shaped by two key players - the CPI (Consumer Inflation) and the PPI (Producer Inflation). A snapshot of November showed an interesting scenario. On a monthly basis, prices remained stiff and unyielding, defying expectations and bringing a welcomed sense of stability. When stretched over the year, prices saw a subtle surge - less than 1%.
