PCE Inflation, the Fed’s Preferred Measure, Sped Up in November NYT | Top Stories 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 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.