All Eyes on the Fed as Key Inflation Data Also on Tap This Week – By Tim Smart (US News) / Dec 11, 2023
A decision on interest rates as well as twin readings on consumer and wholesale prices dominate this week’s economic data.
The Federal Reserve meets this week for the last time in a year that has seen the central bank play a critical role in the U.S. economy and markets.
At this point last year, inflation was running at an annual pace of 6.5% and the Fed had just hiked interest rates for the fourth consecutive meeting to a level of 4.25%
Now, with the expectation the Fed will leave interest rates unchanged, the question is how soon it will start cutting rates. The answer, according to economists and market analysts, is sometime between March and May.
