Will inflation trends impact the Fed's next move?

Annual inflation in the U.S. increased to 2.7% in November from 2.6% in October. Core prices remained at 3.3%. The Federal Reserve plans to review these inflation figures before its interest rate decision. The Fed previously cut its benchmark rate from 5.3% to 4.6% over September and November. Despite inflation's decline from a peak of 9.1% in June 2022, prices remain higher than four years ago, impacting public sentiment. Month-to-month prices saw a rise of 0.3% from October to November, primarily driven by airfare, used car, and auto insurance costs. The U.S. economy grew at an annual rate of 2.8% in the third quarter, fueled by consumer spending. Possible tariffs on imports present challenges for inflation control, with proposed tariffs potentially raising core inflation rates. Following the Fed's meeting today, an interest rate decision along with economic projections will be announced.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.