(RTTNews) - A report released by the Labor Department on Thursday showed a modest increase in U.S. consumer prices in the month of November. "Today's continued benign inflation readings support our call that Fed will not lift rates from the effective lower bound until mid-2024," said Kathy Bostjancic, Chief U.S. Financial Economist at Oxford Economics. On Friday, the Labor Department is scheduled to release a separate report on producer price inflation in the month of November.