Reported about 13 hours ago
In November, U.S. consumer prices experienced their most significant increase in seven months, primarily driven by higher food prices and lodging costs. Despite this uptick, with the rental market showing signs of cooling, economists expect the Federal Reserve to proceed with a third consecutive interest rate cut. The consumer price index rose by 0.3%, aligning with predictions, while core inflation remained unchanged at 3.3%. Although inflation has moderated from a peak of 9.1% in June 2022, it is still far from the Fed's 2% target.
Source: YAHOO