Loading...
Market
What will be the Fed's interest rate decision in Q1 2025?
3
Resolution / Starting Odds
Decrease • 33%
Increase • 33%
No Change • 34%
Federal Reserve's official announcements and meeting minutes
Story
Fed's Preferred PCE Inflation Eases to 2.4% in November, Below Expectations
Dec 20, 2024, 01:31 PM
US inflation, as measured by the Personal Consumption Expenditures (PCE) Price Index, rose 2.4% year-over-year in November, the highest since July 2024 but below the expected 2.5%. Core PCE, the Federal Reserve's preferred inflation gauge excluding food and energy, increased 2.8% year-over-year, slightly under the forecast of 2.9%. On a monthly basis, both headline and core PCE rose 0.1%, less than the anticipated 0.2%. The three-month annualized core PCE rate stood at 2.5%, indicating inflation is approaching the Fed's 2% target. The data suggests that inflation pressures in the US economy may be easing, which could influence the Federal Reserve's monetary policy decisions.
View original story
Similar markets
Other • 25%
Rate Hike • 25%
No Change • 25%
Rate Cut • 25%
Rate decrease • 25%
No change • 25%
Other actions • 25%
Rate increase • 25%
Other • 25%
Rate cut • 25%
No change • 25%
Rate increase • 25%
Rate hike • 25%
Rate hold • 25%
Rate cut • 25%
No decision • 25%
4.0% to 4.5% • 25%
Below 3.5% • 25%
3.5% to 4.0% • 25%
Above 4.5% • 25%
Increase rates • 25%
Hold rates steady • 25%
Mixed decisions • 25%
Decrease rates • 25%
Other • 25%
Rate Cut • 25%
Rate Hike • 25%
No Change • 25%
3.5% to 3.9% • 25%
Above 4.5% • 25%
4.0% to 4.5% • 25%
Below 3.5% • 25%
Decrease • 25%
No change • 25%
Fluctuations but end at same rate • 25%
Increase • 25%