U.S. Inflation Rates Rise Slightly Amid Mixed Economic Sentiment

In November, U.S. inflation inched up to 2.7%, driven by rising prices for used cars, groceries, and hotel rooms. Despite this increase, consumer confidence has started to improve, aided by decreased petrol prices and perceptions of a robust economic outlook following the recent presidential election. The Federal Reserve is likely to proceed with interest rate cuts, although ongoing price pressures in essential categories continue to concern both consumers and policymakers. With some categories like groceries and housing showing inflationary pressures, analysts suggest the Fed's cautious approach will persist.