In November, prices remained stable but still exceeded the Federal Reserve’s target compared to a year ago, with the personal consumption expenditures price index showing a 0.1% increase from October and a 2.4% inflation rate annually. Core PCE also rose 0.1% monthly and 2.8% from a year ago, below expectations. Fed officials view core inflation as a better indicator, with goods prices falling 0.4% and services rising 3.8% over 12 months, while housing inflation increased by 0.2%. Personal income and spending figures were slightly below forecasts, with personal saving rate at 4.4%. Following the release, stock market futures and Treasury yields declined, with investors reacting to the Fed’s recent interest rate cut and revised projections for future cuts based on inflation expectations.
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UK vision for clean energy to collide with Trump’s fossil fuel frenzy | UK News
At the Energy Security Summit in London, the UK and US present contrasting visions for energy security, with the UK advocating for a transition to clean energy while the US, under Trump, promotes fossil fuel dominance. The UK aims to collaborate with 60 countries to accelerate the abandonment of fossil fuels, while also addressing its reliance on China for clean tech manufacturing. Despite challenges posed by Trump's policies and the absence of China at the...
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