Inflation in the United States rose to 2.7% year-on-year in November, up from 2.6% in October, according to the Bureau of Labor Statistics. This increase, driven by a monthly rise of 0.3%—the highest since April—makes it harder for prices to align with the Federal Reserve's (Fed) 2% target.

Core inflation, which excludes food and energy prices, also remained elevated at 3.3% year-on-year. This indicates that inflationary pressures persist, even though they are far from the peaks of recent years.

In response, the Fed has cut interest rates by 0.75 points between September and November. While analysts expect an additional 0.25-point reduction in December, Fed Chair Jerome Powell may adopt a more cautious approach due to persistent inflation and the strength of the labor market.

You might also be interested in its Spanish version: La inflación en EE.UU. aumenta un 2,7% previo a Navidad

The Fed’s upcoming meeting will be critical, as it will unveil new projections for economic growth, unemployment, inflation, and interest rates for the coming years. These forecasts will provide important guidance for investors amid economic uncertainty and a presidential transition in the United States.