Will the Federal Reserve cut interest rates tomorrow? What do the inflation data indicate?
The Federal Reserve will release its economic report on December 12, which may highlight the slow progress the U.S. has made in controlling inflation. Economists are uncertain whether this data will prevent the Federal Reserve from implementing the widely anticipated interest rate cut at next week's policy meeting.
According to the latest update from Trading Economics, the annual inflation rate for November has climbed to the expected 2.7%, slightly up from 2.6% in October, marking the second consecutive month of rising inflation.
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