Reported about 10 hours ago
The Federal Reserve's key inflation indicator, the core Personal Consumption Expenditures (PCE) index, shows that prices remained stable in October compared to September, with overall PCE rising slightly. This raises concerns about the Fed's progress toward its 2% inflation goal and whether it might lead to a pause in interest rate cuts. Despite some officials expressing caution about cutting rates amidst stalled inflation progress, markets are anticipating a potential rate cut in December.
Source: YAHOO