Fed could cut interest rates again as US inflation barely moves in November

Federal reserve could cut rates for third time this year as prices rise 2.7% compared with a year before

The rate of US inflation barely moved in November, the last piece of major economic news before the Federal Reserve weighs whether to cut interest rates for the third time this year at its meeting next week.

Prices rose 2.7% in November compared with a year before, according to consumer price index (CPI) data released by the Bureau of Labor Statistics (BLS) on Wednesday measuring the prices of select goods and services.