Goldman Sachs analyst: Today's CPI data unlikely to affect Fed's decision

Goldman Sachs analyst Kay Haigh has stated that the lower-than-expected inflation data released today will likely have no impact on the Federal Reserve's decisions, citing the data's volatility. The U.S. Department of Labor announced that the Consumer Price Index (CPI) for November rose 2.7% year-over-year, below the market forecast of 3.1%. Haigh added that the Fed will instead focus on the December CPI data, scheduled for release in mid-January. This indicator is seen as a more accurate reflection of inflation and will be published two weeks before the next Federal Open Market Committee (FOMC) meeting.