Economists See Stubborn Inflation, Gradual Fed Rate-Cut Tempo [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
Company Research
Source: Yahoo! Finance
prospects that price pressures can cool much under President-elect Donald Trump. Most Read from Bloomberg Trump Promises Could Have Seismic Impact on Washington Economy Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes Paris to Replace Parking Spaces With Trees New York's Transit Agency Approves $9 Congestion Toll The Fed's preferred inflation gauges will run a touch faster in the coming year than expected last month, according to the latest Bloomberg monthly survey of economists. They project the so-called core personal consumption expenditures price index — which excludes the volatile food and energy categories — to advance 2.3% on average next year. That's up from the 2.2% projection in last month's survey. Economists also adjusted their fourth-quarter 2024 projections higher in the wake of firmer inflation readings more recently, helping explain a more patient Fed. While forecasters
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