site stats Fed’s preferred inflation gauge ticks up, denting rate-cut hopes: ‘Economy remains on a solid footing’ – Posopolis

Fed’s preferred inflation gauge ticks up, denting rate-cut hopes: ‘Economy remains on a solid footing’

Consumer spending climbed 0.5% in November from the previous month, a solid increase that hits at an economy growing at a healthy pace in the final three months of last year.

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