Key Fed inflation measure shows 2.4% rate in November, lower than expected
The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly.
The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly.
Russia’s central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its ongoing battle with sky-scraping inflation.
Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage growth.
UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank of England.
Traders are pricing in a near certainty that the Fed on Wednesday will lower its key rate by a quarter percentage point.
Since September, the rial has suffered the ripple effects of hits to Iran’s proxies, as well as the November election of Donald Trump to the U.S. presidency.
Fifty-three percent of Gen X parents are concerned their kids won’t be fully financially independent into adulthood, U.S. Bank data reveals.