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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Trump offers $50M for Venezuela president arrest
The Trump administration has increased the reward for the arrest of Venezuelan President Nicolás Maduro to $50 million, accusing him of narco-trafficking and involvement with cartels in flooding the U.S. with fentanyl-laced cocaine. Despite previous indictments and a significant bounty, Maduro remains in power, with Venezuelan officials dismissing the reward as political propaganda. Want More Context? 🔎
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