US inflation in line with forecasts solidifies bets on Fed cut

Quick Summary:

US consumer prices rose at a firm pace in November that was in line with expectations, solidifying expectations for the Federal Reserve to cut interest rates next week.

The headline measure rose 0.3 percent from the prior month and 2.7 percent from a year before.

That measure—known as the personal consumption expenditures price index—doesn’t put as much weight on shelter as the CPI, which is one reason why it’s trending closer to the Fed’s 2 percent target.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Augusta Saraiva | Bloomberg

Category: BusinessStartups

Markets: Philippines

Topics: Prices Economists Rose Energy Costs Inflation Shelter Percent Report Year Month

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 10:40:43 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 733 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 24374316

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 33 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions