Signifyin(g)Monkey Posted November 29 Posted November 29 U.S. inflation gauge ticks higher with consumer prices on the rise WWW.PBS.ORG According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Rock, meet hard place; both of you, meet Fed. Quote
finaljedi Posted November 29 Posted November 29 Quote President-elect Donald Trump's victory could also slow Fed rate cuts. His proposals to cut taxes and reduce government regulation could spur faster growth, but could also overheat the economy and lift inflation. And his threats to impose widespread tariffs, if carried out, would likely push up prices. The Fed had signaled it would cut rates four times next year, but financial markets now expect just two reductions. Quote More Americans think the economy would fare better under former President Trump than Vice President Harris in a new survey, even as many economists say they expect higher inflation and slower growth under Trump. In a survey released by Bankrate on Tuesday, 42 percent of Americans said Trump would be a better choice for their personal finances and inflation, while 45 percent of those polled also said he’d be “best for the economy.” Access to this page has been denied THEHILL.COM px-captcha Quote
Commissar SFLUFAN Posted November 29 Posted November 29 I doubt that the Fed will actually raise rates as long as inflation fluctuates within the band it has been, but I wouldn't hold my breath for further cuts either (maybe just one more at most). Quote
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