Federal Reserve Reports Cooling of Inflation Gauge in November

A new report from the Federal Reserve has revealed that a key inflation gauge, often monitored by economists and analysts, has cooled in November. This comes amid increased scrutiny over economic stability and the Fed's monetary policy strategy. Data from the Personal Consumption Expenditures (PCE) index shows that this measure increased by 0.2% compared to the previous month.

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Increase in U.S. Personal Consumption Expenditures in October 2024 Leads to New Economic Forecasts

In October 2024, personal consumption expenditures (PCE) in the United States showed a significant increase, prompting experts to reassess their economic forecasts. Data released by the U.S. Department of Commerce indicate a 0.4% rise in consumption levels compared to the previous month, surpassing analyst expectations of a more modest increase of 0.3%.

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