Slower Inflation News Today

"Im looking forward to working with President Trump next year and really taking this country back again," Downing said. "Hes going to have an ally in Congress."

"Im looking forward to working with President Trump next year and really taking this country back again," Downing said. "Hes going to have an ally in Congress."

The Point is Newsday Opinion's daily newsletter inside the local, city and state political scenes.

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

The USD is mostly lower to start the trading week.

US President Joe Biden said Friday’s labor market report shows the labor market remains resilient as inflation continues to ease. He further hoped that the Federal Reserve would not raise interest rates further.

We look for the FOMC to keep rates on hold at its December 13 meeting, an expectation that is universally shared. If realized, the third consecutive hold would suggest that, rather than the FOMC merely hiking at a slower pace, the fed funds rate probably has reached its terminal level of this cycle.

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media