Reported 6 months ago
The upcoming inflation report on Friday is expected to show an increase in inflation, with the Personal Consumption Expenditures (PCE) likely rising to 2.5% in November, up from 2.3% in October. This trend mirrors the earlier Consumer Price Index data and suggests that persistent inflation may pressure the Federal Reserve to maintain higher interest rates for an extended period. Core inflation is estimated to have reached 2.9%, indicating potential challenges for economic policymakers moving forward.
Source: YAHOO