It's not the Fed's preferred measure of inflation but it's still an important one
The November CPI report is due at the bottom of the hour and forecast to rise 0.2% m/n on the headline and on ex-energy.
The year-over-year numbers are running ahead of the sluggish PCE report. The consensus is for headline at 2.0% y/y and core at 2.3% y/y.
