Thursday saw the release of a much lighter-than-expected inflation report for November, and economists are already questioning its significance.

Economists polled by Dow Jones expected CPI to have risen 3.1% on an annualized basis.

The Bank of England voted to cut interest rates from 4% to 3.75% in its last monetary policy move of 2025.

November's CPI report is expected to show the annual inflation rate at 3.1%, according to economists polled by Dow Jones.

Waller is one of the five finalists considered for to replace Fed Chairman Jerome Powell when his term expires in May.