Daily Note | December 11, 2024 | CPI Day, PCF Tender, ACP Cuts, FMN Bumps, MMD Buy

Markets are moving higher on the back of an in-line CPI ('inflation') report.

November's CPI came in at +0.3%, which was the forecast, and up from 0.2% the prior month). Core CPI came in on the higher end of expectations at +0.31%, which kept the y/y rate at +3.3%.

Falling prices (deflation) of core goods over the last 18 months helped deliver a decent ch…