US inflation data: Fed’s preferred gauge stays above target; January rate cut pause in focus
US inflation stayed high in November, exceeding the Federal Reserve's target. This suggests policymakers will likely hold interest rates steady. Consumer spending showed strength, but economists warn of weakening fundamentals. The Fed is assessing earlier rate cuts and new trade pressures. Core inflation also remained elevated, indicating slow progress on price stability.
US inflation stayed high in November, exceeding the Federal Reserve's target. This suggests policymakers will likely hold interest rates steady. Consumer spending showed strength, but economists warn of weakening fundamentals. The Fed is assessing earlier rate cuts and new trade pressures. Core inflation also remained elevated, indicating slow progress on price stability.
