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The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly. from Economy https://ift.tt/wsiImvt
Russia’s central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its ongoing battle with sky-scraping inflation. from Economy https://ift.tt/Kpc3LDy
Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage growth. from Economy https://ift.tt/CekV4qd
UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank of England. from Economy https://ift.tt/EL58ZFB
Traders are pricing in a near-certainty that the Fed on Wednesday will lower its key rate by a quarter point. from Economy https://ift.tt/PmuHWUE
Since September, the rial has suffered the ripple effects of hits to Iran’s proxies, as well as the November election of Donald Trump to the U.S. presidency. from Economy https://ift.tt/e15tY09
Fifty-three percent of Gen X parents are concerned their kids won’t be fully financially independent into adulthood, U.S. Bank data reveals. from Economy https://ift.tt/szLBhWf
It marked the country’s second consecutive economic downturn, following a 0.1% GDP decline in September. from Economy https://ift.tt/mREKVeS
The producer price index was expected to increase 0.2% in November, according to the Dow Jones consensus estimate. from Economy https://ift.tt/FCxJpBr
If President-elect Donald Trump is going to push inflation back down to a more tolerable level, he will need help from housing costs. from Economy https://ift.tt/OpdLEo3
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