Dale Smothers, President and CEO of RDS Wealth Management joins Alicia Summers to share his insights on these trends, addressing concerns about inflation pressures ahead of expected Federal Reserve rate cuts next week.
Read More U.S. Producer Prices Rise 0.4% In November Amid Job Market Signals Of Cooling
More people continued to collect unemployment checks at the end of November relative to the beginning of the year as demand for labor cools.
Read More US weekly jobless claims unexpectedly rise
The latest report revealed by the Labor Department showed that U.S. inflation rose in November from the pace it set a month earlier, going up for the second month in a row.
Read More U.S. Inflation Increases 2.7% In November, Going Up For Second Consecutive Month In A Row
Consumer prices increased by the most in seven months, but that is unlikely to discourage the Federal Reserve from delivering a third consecutive interest rate cut next week.
Read More US consumer prices post largest gain in seven months; cost of rent subsides
U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much.
Read More Sharp downgrades to US unit labor costs bode well for inflation outlook
President-elect Donald Trump stated that he will not remove Federal Reserve Chair Jerome Powell.
Read More Trump Says He Won’t Try To Remove Fed Chair Jerome Powell Despite Past Disagreements