Fed’s Preferred Inflation Measure Slows in November
Savings Corner
DECEMBER 23, 2023
The personal consumption expenditures (PCE) price index dropped 0.1% in its first decline since April 2020. Fed officials indicated they anticipate interest rate cuts sometime in the new year at their December meeting. The Fed also monitors the Consumer Price Index (CPI) , which showed a 3.1% The index was up 2.6%
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