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Stubborn US Inflation Set to Reinforce Fed’s Go-Slow Approach
US inflation figures in the coming week that are seen showing stubborn price pressures will reinforce the Federal Reserve’s cautionary posture toward future interest-rate cuts. The personal consumption expenditures price index excluding food and energy — the Fed’s preferred measure of underlying inflation — is projected to have risen by 0.3% in October from September, and by 2.8% from a year earlier, in what would be the largest advance since April. The report is also expected to reveal resilient household spending and steady income growth at the start of the fourth quarter. Consumer outlays, unadjusted for ... (full story)
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- Posted: Nov 24, 2024 3:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,725
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