Reported 1 day ago
The PCE report for December reveals an inflation rise of 2.6% year-over-year, up from 2.4% in November, aligning with forecasts. The Federal Reserve, facing challenges in reaching its 2% annual inflation goal, is hesitant to cut key interest rates. Despite inflation pressures, core inflation remained stable at 2.8%, suggesting a cautious outlook for future economic trends.
Source: YAHOO