Reported 10 days ago
October's inflation data showed persistent inflation challenges for the Federal Reserve, complicating their anticipated rate cuts in 2025. The 'core' Consumer Price Index indicated a consistent 3.3% rise, while the Producer Price Index also exceeded expectations, contributing to concerns over a gradual rate-cutting approach. Economists predict a maximum of 75 basis points in cuts, reflecting uncertainty around future inflation trends, partly due to potential economic policies from President-elect Donald Trump. Despite rising bond yields, the stock market remains buoyant, underscoring a resilient economy.
Source: YAHOO