TechFlow news — On December 20, the Federal Reserve's preferred inflation gauge showed a moderate reading for November, marking a step in the right direction for policymakers seeking further rate cuts in 2025. The data should help ease Fed officials' concerns about the inflation outlook.
Earlier this week, Fed officials released updated projections indicating higher prices and interest rates into 2025. These new forecasts triggered a sell-off in U.S. stocks as investors had already priced in expectations of tighter policy. Details on price trends revealed broad-based disinflation.
Core services prices—a closely watched category excluding housing and energy—rose 0.2% month-on-month, the weakest pace since August. Core goods prices, excluding food and energy, declined for the first time in three months. (Jinshi)
