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According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation hitting 2.5% next year, higher than its previous projection of 2. ...
(Reuters) -Wall Street's main indexes were little changed in choppy trading on Tuesday, as investor focus remained on a key inflation report due later this week that could influence the Federal ...
Goldman Sachs forecasts a 2.5% increase in the U.S. GDP compared to its 2.8% growth in 2024. Despite that slight dip, the healthy 2.5% clip would indicate the widespread recession fears of 2022 ...
Headline inflation is expected to have risen slightly in November to 2.7% from 2.6% in October. ... -Wall Street's main indexes closed lower on Tuesday as technology sector losses offset gains in ...
Attention now turns to the Personal Consumption Expenditure report, the central bank's preferred inflation gauge, due at 10 a.m. ET. Economists polled by Reuters expect prices to increase by 2.3% ...
Wall Street’s 2025 U.S. economic outlook. ... We have bumped up our U.S. inflation forecast for next year, while shaving down our U.S. real GDP growth outlook." ... thanks largely due to ...
The Federal Reserve's latest inflation forecast published in September said core PCE — the central bank's preferred inflation reading — will likely finish next year at 2.6%, down from 3.7% at ...
Wall Street was set for a higher open on Tuesday ahead of key inflation data later this week that could firm up bets on the size of the interest rate cut that the Federal Reserve is expected to ...
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