Inflation remained elevated in November at a level well above the Federal Reserve's target rate as policymakers weigh potential interest rate cuts next year.The Bureau of Labor Statistics said on Thursday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.2% in November compared with September, while it increased to 2.7% on a year-over-year basis.Both of the figures were cooler than the expectations of economists polled by LSEG, who projected a 0.3% monthly rise and a 3.1% year-over-year figure.So-called core prices,...

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