Inflation was more manageable than expected in November, according to the Federal Reserve’s favored measure of price changes, as sticky inflation douses investors and borrowers’ hopes of much lower interest rates in 2025.
by Derek Saul
Forbes
Key Facts
– The core personal consumption expenditures index rose 2.8% year-over-year, according to the metric released Friday morning by the Commerce Department, matching October’s reading.
– The reading of core PCE, which tracks how much Americans spent on goods and services outside of more price-volatile food and energy categories, is better than median economist forecasts of 2.9%, according to Dow Jones data.
– Headline PCE inflation came in at 2.4%, also lower than estimates of 2.5%, but still up from October’s 2.3%.