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Fed’s Preferred Inflation Measure Slows in November

Savings Corner

The core price index which excludes food and energy prices grew only 0.1%, the same as the month prior. Fed officials indicated they anticipate interest rate cuts sometime in the new year at their December meeting. The inflation measure was the latest in a string of data bolstering hopes for the economy in the new year.

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5 Things to Know Before The Stock Market Opens

Savings Corner

The deal, which is expected to close in the first half of 2024, could help Bristol Myers expand its psychiatric and neurological drugs portfolio, with Karuna notably working on an experimental schizophrenia treatment currently being reviewed by the Food and Drug Administration. Bristol Myers said it will pay $330 per share for Karuna, a 53.4%

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