Reported 10 days ago
In November, inflation measured by Personal Consumption Expenditures (PCE) rose to 2.4%, slightly higher than the previous month but lower than forecasts. Although core inflation was stable at 2.8%, Federal Reserve officials are likely to remain cautious regarding future rate cuts, needing more positive data before adjusting borrowing costs, especially in light of potential inflationary pressures from new economic policies.
Source: YAHOO