Reported 11 days ago
In October, consumer prices rose by 2.6%, indicating a slight increase from the previous month, suggesting inflation is trending downward but still poses considerations for the Federal Reserve's next move. With solid consumer spending and hiring, the Fed is likely to proceed with a rate cut in December, yet officials may debate slowing the pace of cuts in the early part of the next year. Although inflation remains under pressure, Fed leaders stress caution to avoid overcorrection in an uncertain economic landscape.
Source: YAHOO