Reported 1 day ago
The Federal Reserve's preferred measure of underlying inflation, the core personal consumption expenditures price index, recorded a modest increase of 0.1% in November, marking the slowest growth since May. This suggests potential for interest rate cuts in 2025 as inflation pressures ease. Despite a rise in incomes and spending, particularly in consumer goods, overall disposable income showed a modest increase, indicating resilience among consumers during the holiday season.
Source: YAHOO