Page 20 - Pce News Today : Breaking News, Live Updates & Top Stories | Vimarsana

US prices rose marginally in December, keeping inflation below 3% for a third straight month. The Federal Reserve is expected to cut interest rates this year, although the timing is uncertain. Consumer spending surged at the end of 2023, leading to expectations of a rate cut. Financial markets have lowered the odds of a March rate cut, indicating the economy's resilience. The central bank is likely to keep its policy rate unchanged next week.

We'll see how the market ultimately decides to interpret today's economic data and if we close at yet another record high or take a breather.

The personal consumption expenditures price index increased 0.2% last month after an unrevised 0.1% drop in November

The odds of a Fed rate cut in March have dropped to 49% from about 71% two weeks ago, according to the LSEG interest-rate probability app

Inflation is slowing and the economy is still growing. What more could the Federal Reserve want?