Sunday, July 20, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Fed’s favored inflation gauge rises again in November

Simon Osuji by Simon Osuji
December 21, 2024
in Telecoms
0
Fed’s favored inflation gauge rises again in November
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



The Federal Reserve’s preferred inflation measure rose for a second straight month in November according to government data published Friday, although the increase came in a touch below expectations.

The personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, and 2.1 percent in September, the Commerce Department said in a statement.

However, headline prices rose just 0.1 percent from October, pointing to a slight slowdown in what is sure to be welcome news for the US central bank.

This was slightly below the median forecasts from economists surveyed by Dow Jones Newswires and The Wall Street Journal.

On Wednesday, the Fed cut interest rates by a quarter point and signaled a slower pace of cuts ahead, triggering a sharp sell-off in the financial markets.

The independent US central bank is responsible for tackling inflation and unemployment, largely by hiking or lowering interest rates to affect demand.

This indirectly impacts the cost of borrowing for consumers and businesses, affecting everything from mortgages to car loans.

Excluding the volatile food and energy segments, the core PCE price index was up 2.8 percent from a year earlier, and by 0.1 percent from a month earlier.

Both figures were slightly below expectations.



Source link

Related posts

Economic Community of West African States (ECOWAS) strengthens the capacities of ivorian actors

Economic Community of West African States (ECOWAS) strengthens the capacities of ivorian actors

July 20, 2025
Upstream Momentum Builds in Ghana as Eni Declares Eban-Akoma Commercial and Tullow, Kosmos Extend Licenses

Upstream Momentum Builds in Ghana as Eni Declares Eban-Akoma Commercial and Tullow, Kosmos Extend Licenses

July 19, 2025
Previous Post

Turkey to Supply Kirpi II Mine-Resistant Vehicles to Bosnia and Herzegovina in 2025

Next Post

Generative AI Still Needs to Prove Its Usefulness

Next Post
Generative AI Still Needs to Prove Its Usefulness

Generative AI Still Needs to Prove Its Usefulness

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Can PEPE Hit A New All-Time High This Weekend?

Can PEPE Hit A New All-Time High This Weekend?

8 months ago
Best African Nations for Education and Where They Rank Globally

Best African Nations for Education and Where They Rank Globally

4 months ago
Clip Ebike Conversion Kit: An Affordable but Inconvenient Solution

Clip Ebike Conversion Kit: An Affordable but Inconvenient Solution

8 months ago
Powering America’s Commercial Transportation Statement on U.S. Zero-Emission Freight Corridor Strategy

Powering America’s Commercial Transportation Statement on U.S. Zero-Emission Freight Corridor Strategy

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.