Economic data released in the United States on Wednesday has raised red flags as Core PCE inflation has increased to 2.8% for October.
It added that the clear “elephant in the room” is that inflation has leveled off above the Fed’s 2% target.Today’s data confirms ALL 3 inflation metrics are back on the rise. This week, Goldman Sachs economists predicted that tariffs would directly impact Personal Consumption Expenditures.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »