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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He is a human skeleton, brother of Gaza hostage Evyatar David tells BBC
The brother of Israeli hostage Evyatar David, recently shown in a distressing video by Hamas, described it as a "new form of cruelty," highlighting his brother's severe malnourishment and suffering. As families of hostages urge Israeli Prime Minister Netanyahu to prioritize their release amidst ongoing military actions in Gaza, concerns about humanitarian conditions continue to rise, with reports of significant casualties and deprivation in the region. Want More Context? 🔎
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