Investors await the November Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, for clues on future monetary policy.
The U.S. 10-year Treasury yield was little changed on Friday as investors anticipated the release of a key inflation gauge. On Friday, investors are expecting the release of the November personal consumption expenditures price index — the Federal Reserve 's preferred inflation gauge, which will be reported by the Department of Commerce. Economists are estimating the index will rise 0.2% monthly and 2.5% annually. Core inflation is expected to add 0.2% monthly and 2.9% annually.
Fed policymakers increased their inflation forecast and pointed to only two potential rate cuts in 2025, marking a decrease from the guidance of four potential cuts that had been signaled in September.
Inflation Treasury Yield Federal Reserve PCE Price Index Monetary Policy
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