According to TechFlow, on December 20, the Federal Reserve's preferred inflation measure was mild in November, paving the way for further interest rate cuts in 2025 and easing officials' concerns about the inflation outlook.
Federal Reserve officials this week released forecasts showing higher prices and interest rates in 2025, triggering a sell-off in U.S. stocks as investors priced in tighter policy. The price details showed a broad slowdown in inflation.
Core service prices (excluding housing and energy) rose 0.2% month-on-month, the lowest since August. Core commodity prices (excluding food and energy) fell for the first time in three months.