December 2023

FED MAINTAINS RATES, SIGNALS CAUTIOUS PIVOT TOWARD EASING: A Balancing Act in Uncertain Times The Federal Open Market Committee (FOMC) concluded its December meeting with a measured decision to hold interest rates steady, signaling a potential shift toward a more dovish stance in the face of economic headwinds. While the target range for the federal funds rate remains at 5.25% to 5.50%, this marks a...

Inflation was up 3.4 percent year-over-year through December, up from 3.1 percent in November – a monthly increase of 0.3 percent. The core inflation, a measure that excludes energy and food prices, was up 3.9 percent over the twelve months through December, down from 4.0 percent in November. This marks the first time the core index dropped below 4 percent since May of 2021. The monthly core inflation...