Fed to Make Rate Call as Inflation Progress Stalls
US consumer inflation ticked higher in November, sending a cautionary signal just one week before the Federal Reserve makes its final rate decision of the year.
John Hall of PGIM Quantitative Solutions examines market reaction and the outlook for interest-rate policy after the Fed’s half-point cut.
“If you look at the market reaction to this news… we've seen a normalization as they've processed comments from Chair Powell, and the slow and steady pace that the Fed will take going forward.” – John Hall, Portfolio Manager, PGIM Quantitative Solutions
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US consumer inflation ticked higher in November, sending a cautionary signal just one week before the Federal Reserve makes its final rate decision of the year.
US data on inflation and economic growth bolstered expectations for another rate cut, less than a week before the Fed’s penultimate meeting of 2024.
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