Inflation Gives Fed Green Light for Rate Cut in December
- Markets raise bets policymakers will lower rates next week
- Officials expected to dial back projected cuts for next year
This article is for subscribers only.
Fresh inflation figures are likely to make the Federal Reserve more cautious about the pace of interest-rate cuts — but not quite yet.
Investors still widely expect the US central bank to cut borrowing costs by a quarter percentage point next week after a new report showed inflation rose in November in line with expectations. But persistent price pressures have also underscored concerns that progress toward the US central bank’s 2% target may be stalling.