Reported 18 days ago
As the Federal Reserve approaches its final meeting of 2024, two crucial inflation reports—the Consumer Price Index (CPI) and Producer Price Index (PPI)—are set to be released this week. Recent economic data reflects a tech market rally, and while job growth remained steady, the unemployment rate slightly increased, indicating a cooling labor market. Economists expect the CPI report will play a vital role in shaping the Fed's decision on an anticipated interest rate cut that markets currently estimate has an 85% chance of occurring later this month.
Source: YAHOO