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Mortgage and refinance rates for Dec. 13, 2024: Rates decline as markets look past inflation data toward likely Fed rate cut Yahia Barakah Updated December 13, 2024 at 7:58 AM
GDP rose 2.8% last quarter, while PCE inflation was 2.2% in September. Traders are bracing for earnings from Meta after the close.
The Bureau of Economic Analysis's advance estimate of third quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, below the 2.9% growth ...
Inflation hit a four-decade high 9.1% in mid-2002. Eleven interest rate hikes by the Federal Reserve in 2022 and 2023 helped bring it down — to 2.7% last month. ... “This week’s data show ...
The economy has defied prophecies of doom since late 2022 following the Fed's aggressive rate hiking campaign to stamp out inflation. It is a down shift in economic growth and it confirms the ...
Economic data: S&P Global US Services PMI, September (48.5 expected, 47.9 previously); Chicago Fed Nat Activity Index, August (-.20 expected, -0.34 previously) Earnings : No notable earnings Tuesday
“Disinflation is out, and inflation is in with today’s CPI report,” Karen Manna, a portfolio manager at Federated Hermes, told Fortune of the data. View this interactive chart on Fortune.com
According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation peaking at 2.5% next year, higher than September's projection of ...