Reported 10 months ago
Upcoming US inflation data, expected to show enduring price pressures, will likely prompt the Federal Reserve to maintain a cautious stance on potential interest rate cuts. The personal consumption expenditures index, excluding food and energy, is projected to rise by 0.3% in October, reflecting strong consumer spending and stable income growth. This trend, along with a cautious economic outlook suggested by Fed officials, indicates a slower pace of monetary easing, even as market participants anticipate another rate reduction soon.
Source: YAHOO