US inflation and retail sales: Fed’s rate cut strategy

US inflation was at 2.7 per cent in November 2024, which was a slight rise from October.
Core inflation was steady at 3.3 per cent. The Fed cut rates by 50 bps in September, followed by 25 bps each in October, November, and December.
Clothing sales dipped but are expected to recover with holiday spending in December. Inflation trends indicate no immediate rate cut reversal.Read More