Reported 1 day ago
The Federal Reserve's preferred inflation gauge indicates that while prices decreased in November, inflation remains above the 2% target, prompting the central bank to cut interest rates by 25 basis points. The core Personal Consumption Expenditures (PCE) index rose by just 0.1% from October, lower than expected, with year-over-year core prices matching previous increases at 2.8%. The Fed's outlook suggests inflation could peak at 2.5% next year, influenced by anticipated policy changes under the upcoming Trump presidency, adding complexity to future monetary decisions.
Source: YAHOO