The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, showed a slight deceleration in November 2024. The core PCE, which excludes volatile food and energy prices, rose by 0.1% month-over-month, lower than October’s 0.3% increase and below economists’ expectations of 0.2%. On an annual basis, core PCE remained steady at 2.8%, while overall PCE increased to 2.4% from 2.3% in October, both figures coming in below forecasts. This data suggests progress in the Fed’s battle against inflation, though price increases remain above the central bank’s 2% target.

Videos
Is the Dollar Losing Its Reserve Currency Status?
Central banks are dumping dollars and buying gold at record levels. Countries are settling trade in local currencies. The dollar’s dominance is eroding in real time — and once reserve status is gone, it doesn’t come back. Here’s what’s driving the shift.




