Fed's Preferred Inflation Gauge Shows Moderate November Performance

According to BlockBeats, the Federal Reserve's favored inflation measure showed a moderate performance in November, marking a step in the right direction for policymakers aiming for further interest rate cuts by 2025. This data is expected to alleviate concerns among Fed officials regarding the inflation outlook. This week, Fed officials released their latest forecasts, indicating higher prices and interest rates by 2025. The new projections triggered a sell-off in U.S. stocks as investors had already anticipated policy tightening. Details on prices revealed a general slowdown in inflation. Core services prices, a closely monitored category excluding housing and energy, rose by 0.2% month-on-month, the lowest increase since August. Meanwhile, core goods prices, excluding food and energy, declined for the first time in three months.