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This is The Takeaway from today's Morning Brief, ... The latest batch of inflation data offered the Fed a brightly illuminated, fog-free runway for an ambitious soft landing.
The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ...
Friday's data did contain one sign of still-persistent inflation: Year-over-year inflation edged up to 2.4% in November from 2.3% in October and above the Fed’s 2% inflation target.
This is The Takeaway from today's ... the final descent and last-minute inflation data are still managing to keep the ... inflation trends give the Fed the leeway to focus more on full employment ...
In tandem with the inflation data, the report also showed that personal income rose 0.3% month-over-month in November, slowing from October's 0.5% increase and missing expectations of 0.4%.
The latest reading of the Federal Reserve's preferred inflation gauge showed price increases fell month over month in November but still remained sticky as the central bank fights to bring ...
Shelter moderates, food remains sticky. Notable callouts from the inflation print include the shelter index, which rose 4.7% on an unadjusted, annual basis, lower than October's 4.9% increase.
Inflation's path lower has coincided with resilient economic growth data. Gross Domestic Product (GDP) showed the US economy grew at an annualized pace of 2.8% during the third quarter.