Consumer confidence ticks up in November in first gain after three months of declines
Consumer confidence rose in November, ending a three-month trend of declines, a positive development for the economy.
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Consumer confidence rose in November, ending a three-month trend of declines, a positive development for the economy.
Rumors are circulating that a potential pivot is on the horizon, with the Federal Reserve contemplating rate cuts as early as March.
New reports indicate that inflation meaningfully declined last month, a development that investors are interpreting to mean that the Federal Reserve is likely done with raising interest rates and may start cutting them before long.
Inflation dropped half a percentage point to 3.2% for the year ending in October, thanks in large part to falling gas prices, a welcome development as the Federal Reserve works to contain price increases.
JPMorgan Chase CEO Jamie Dimon poured cold water on the notion of a continuing economic boom, calling belief in the scenario a “huge mistake.”