The consumer price index increased 0.1% after advancing 0.4% in October, the Labor Department said on Tuesday. Economists polled by Reuters had forecast the CPI gaining 0.3%.
In the 12 months through November, the CPI climbed 7.1%. That was the smallest advance since December 2021. Annual inflation is slowing in part as last year's big increases drop out of the calculation, while Fed tightening is also dampening demand.BONDS: The yield on 10-year Treasury notes tumbled and was down 15 basis points at 3.461%; The two-year U.S. Treasury yield was down 17.8 basis points at 4.225%.
FOREX: The euro extended a rally against the tumbling dollar , up 1.15%. The dollar index was off 1.1%
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