U.S. Inflation Edges Up, But Remains Below Expectations

Inflation in the US edged up to 2.4% in November 2024, according to the latest PCE report. This increase, while modest, highlights the ongoing challenge of managing price stability. Here’s why this matters: The Federal Reserve targets a 2% inflation rate. November’s 2.4% rise, though below expectations, signals a persistent struggle to reach this goal. […]