The USA's CPI continued to rise in November, increasing concerns that the process of curbing inflation is stagnating. Data released on Wednesday showed that the core CPI, excluding food and Energy costs, rose by 0.3% for the fourth consecutive month. Compared to a year ago, it has increased by 3.3%. Following the release of the data, the possibility of the Federal Reserve policymakers lowering interest rates at next week's meeting remains high. Although price pressures have receded from the peaks during the pandemic recovery, recent progress has been somewhat steady. This, combined with gradually fading concerns over the labor market, helps explain why several Federal Reserve officials advocate for a more gradual pace of interest rate cuts.