US Inflation Slows to 2.7% in November, CPI Data Beats Expectations

In a positive economic development, the latest Consumer Price Index (CPI) report for November showed U.S. inflation rising by just 2.7% year-over-year. This figure came in below many analyst forecasts, signaling a continued cooling of price pressures. The lower-than-expected inflation data is a key metric watched by the Federal Reserve, potentially influencing future interest rate decisions. Market participants view this surprise slowdown as a bullish signal for risk assets, including cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as it may lead to a less restrictive monetary policy. The core CPI, which excludes volatile food and energy prices, also showed a moderated increase, reinforcing the disinflationary trend.