Fed’s Preferred Inflation Measure Slows in November
Savings Corner
DECEMBER 23, 2023
Fed officials indicated they anticipate interest rate cuts sometime in the new year at their December meeting. The PCE is the Fed’s preferred inflation measure, as the index tends to show inflation trends that are less affected by short-term price changes. The Fed also monitors the Consumer Price Index (CPI) , which showed a 3.1%
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