Investment Updates
October Inflation Rate Slows, Spending And Income Cool, Making Further Rate Hikes Unlikely
Published Friday, December 1, 2023 at: 11:31 PM EST
Inflation continued to fall in October and the economy showed signs of cooling down this past week.
The inflation index the Federal Reserve references in its policy statements dropped from 3.4% in the 12 months through September to 3% in the 12 months through October.
This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
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