Fed's Preferred Inflation Measure Expected to Decline to Seven-Month Low

Reported about 11 hours ago

The Federal Reserve's favored inflation measure, the core personal consumption expenditures price index, is anticipated to drop to its lowest level since June at 2.6% year-over-year. Despite this easing, overall inflation pressure remains high, prompting policymakers to maintain cautious interest rate policies. Economic outlooks for other regions, including Canada and Europe, are also in focus, with various reports due in the coming week.

Source: YAHOO

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