Latest inflation numbers soothe a market rattled by Fed’s hawkish rate cut

Quick Summary:

Figures showed the personal consumption expenditures price index rose by just 0.1 per cent in November.

It was below market expectations of 0.2 per cent, which would have matched the gains in September and October.

SINGAPORE – The latest November inflation numbers soothed markets that were nursing a bad midweek bruising caused by the US Federal Reserve’s hawkish rate cut last week.

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Article Details

Author / Journalist: Ven Sreenivasan

Category: EconomyBusiness

Markets: Singapore

Topics: Numbers November Consumption Street Inflation Showed Personal Price Cent Wall Recovered

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 05:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 156 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24587744

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