Softer PCE inflation in November will not accelerate Fed easing
Yet the soft release is unlikely to have much significance for the Federal Open Market Committee. At this week’s post-decision press conference, Fed chair Jay Powell signalled that rate-setters were expecting November inflation figures to come in weak.
The PCE price index was up 0.1% in November and 2.4% from a year earlier. Economists expected a 0.2% monthly rise and 2.5% ...
The report comes two days after the Federal Reserve moved up its 2025 inflation projection and moved down its 2025 rate cut ...
US economic data for November 2024 showed steady growth in key metrics, with the PCE inflation index increased by 2.4% ...
Key inflation data on Friday should show some improvement in November, but will likely still emphasize that the Federal ...
Gold prices hold below $2607 resistance as PCE inflation data looms. Fed’s hawkish tone, rising Treasury yields, and dollar ...
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's ...
The December 2024 economic projections from the central bank show significant changes from the September figures. They ...
1don MSN
Austan Goolsbee, Chicago Fed president, joins 'Squawk on the Street' to discuss Goolsbee's takeaway on November's PCE ...
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