Newsweek on Nostr: Fed's Inflation Gauge Shows Easing Price Pressures in November ========== Inflation ...
Fed's Inflation Gauge Shows Easing Price Pressures in November
==========
Inflation in the U.S. cooled in November 2024, with the Personal Consumption Expenditures (PCE) price index rising by only 0.1% from October, down from 0.3% in September and October; year-over-year inflation rate increased slightly to 2.4% from 2.3%; core inflation remained steady at 2.8%; consumer spending rose 0.4% in November; incomes grew by 0.3%; Federal Reserve plans to reduce key interest rates only twice in 2025, down from four cuts; Fed Chair Jerome Powell emphasizes need for sustained progress on inflation.
#Inflation #FederalReserve #Pce #Economy #InterestRates #ConsumerSpending #CoreInflation #UsEconomy #PriceIndex #November2024
https://www.newsweek.com/fed-inflation-gauge-easing-price-pressures-november-2004206
==========
Inflation in the U.S. cooled in November 2024, with the Personal Consumption Expenditures (PCE) price index rising by only 0.1% from October, down from 0.3% in September and October; year-over-year inflation rate increased slightly to 2.4% from 2.3%; core inflation remained steady at 2.8%; consumer spending rose 0.4% in November; incomes grew by 0.3%; Federal Reserve plans to reduce key interest rates only twice in 2025, down from four cuts; Fed Chair Jerome Powell emphasizes need for sustained progress on inflation.
#Inflation #FederalReserve #Pce #Economy #InterestRates #ConsumerSpending #CoreInflation #UsEconomy #PriceIndex #November2024
https://www.newsweek.com/fed-inflation-gauge-easing-price-pressures-november-2004206