Reported 1 day ago
The US PCE price index saw a smaller-than-expected increase of 0.1% in November, down from a 0.2% rise in October, suggesting a cooling of inflation. Annually, the index rose by 2.4%, influenced by last year’s lower figures. Market reactions included a slight drop in stock indexes and U.S. Treasury yields, with analysts suggesting a moderation in inflation may relieve some pressures on the bond market but does not change the Federal Reserve's current approach.
Source: YAHOO