Reported 26 days ago
The latest Personal Consumption Expenditures (PCE) reading shows inflation at 2.1% in September, slightly down from August, but core inflation remains stagnant at 2.7%. Despite this mixed data, economists predict a 25 basis point rate cut at the upcoming Federal Reserve meeting on November 7, while acknowledging that the inflation outlook suggests a cautious approach is necessary. Policymakers expect future cuts may need to be gradual amid strong consumer spending and labor market conditions.
Source: YAHOO