Fed's main gauge shows inflation at 2.8% in November, edging further away from target

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The Fed's main inflation gauge shows a 2.8% inflation rate in November, which is in line with expectations but still slightly above the target rate, indicating a gradual move away from the target.

Market Impact

Market impact analysis based on neutral sentiment with 80% confidence.

Sentiment
Neutral
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80%
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Short Term

Article Context

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Inflation drifted slightly further from the Federal Reserve's target in November though in line with expectations.

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Original article published by CNBC on January 22, 2026.
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