Inflation increased in November, complicating Fed's next rate decision
The inflation gauge makes up the last piece of significant economic data before the Fed announces its next interest rate decision on Dec. 18. A finding of accelerated price hikes may give the Fed pause as it weighs interest rate cuts.
The likelihood of a third Fed rate cut got higher with Wednesday’s CPI report, which met expectations from economists.
But when the Fed started slashing interest rates in September, with an initial cut of half a percentage point, the average ...
Lately, progress has stalled on getting inflation down to the Fed's 2% annual target. Meanwhile, the labor market isn't ...
Gold prices hit two-week highs on Monday, climbing more than 1% on renewed buying of the metal by China's central bank ...
A slower rate of price increases would boost the likelihood of an interest-rate cut that could expand loan demand and lower ...
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