From the Editor's Desk

Stock Market Outlook: Fed Losing Inflation Battle; Asset Prices Still Climb

On Wednesday, the Commerce Department reported the personal consumption expenditures price index — the Federal Reserve's preferred inflation gauge — climbed in October to an annual rate of 2.3 percent.

Earlier this week, the minutes for the Federal Reserve's Nov. 6-7 meeting published. The summary suggested that policymakers are prepared to either slow down with interest-rate cuts or pause entirely.


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