Sticky U.S. Inflation Complicates Fed’s Rate Cut Plans as Markets React Cautiously

On 27 November 2024, the U.S. Bureau of Economic Analysis (BEA) released its “Personal Income and Outlays” report for October, revealing steady income growth, modest consumer spending increases, and inflation that continues to exceed the Federal Reserve’s long-term target. These figures are key to understanding the Federal Reserve’s next steps on interest rate policy and […]