Inflation gives Fed green light for rate cut in December
Inflation gives Fed green light for rate cut in December
12/12/2024 6:19

Fresh inflation figures are likely to make the Federal Reserve more cautious about the pace of interest-rate cuts — but not quite yet.

Investors still widely expect the US central bank to cut borrowing costs by a quarter percentage point next week after a new report showed inflation rose in November in line with expectations. But persistent price pressures have also underscored concerns that progress toward the US central bank’s 2% target may be stalling.

Source: Bloomberg

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