PCE Inflation, the Fed’s Preferred Measure, Sped Up in November NYT | Top Stories By: Jeanna Smialek 20 December 2024 at 21:40 The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected. © Audra Melton for The New York TimesConsumers have been spending at a solid clip in recent months.
Where Does a ‘Remarkable’ U.S. Economy Go From Here? NYT | Top Stories By: Jeanna Smialek and Ana Swanson 19 December 2024 at 18:03 America’s economy is far outstripping its peers, but there are serious risks, including from the president-elect. © Jacquelyn Martin/Associated PressJerome H. Powell, the Federal Reserve chair, on Wednesday. “It’s very premature to try to make any kind of conclusion” about policies in the next administration, he said.
Fed Cuts Interest Rates, but Projects Fewer Reductions in 2025 NYT | Top Stories By: Jeanna Smialek 19 December 2024 at 06:34 Federal Reserve officials projected just two rate cuts in 2025, and they made it clear that future reductions would hinge on inflation progress. © Kevin Lamarque/ReutersU.S. Federal Reserve Chair Jerome Powell announcing the Fed made their third and final rate cut of 2024 at their meeting on Wednesday.
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