As we delve into the latest economic indicators, the 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻 𝗘𝘅𝗽𝗲𝗻𝗱𝗶𝘁𝘂𝗿𝗲𝘀 (𝗣𝗖𝗘) price index has shown notable developments for October 2024. The index increased by 0.2% month-over-month, resulting in an annual inflation rate of 2.3%. This aligns with market expectations and highlights a gradual return toward the Federal Reserve's target inflation rate of 2%. 🗒 𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝘁𝗵𝗿𝗲𝗲 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁: 𝟭. 𝗖𝗼𝗿𝗲 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵: Excluding volatile food and energy prices, core inflation rose by 0.3% monthly, marking an annual rate of 2.8%. This indicates persistent inflationary pressures, particularly in services, which rose by 0.4%. 𝟮. 𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗻 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗦𝗽𝗲𝗻𝗱𝗶𝗻𝗴: Despite inflationary concerns, consumer spending remains robust, increasing by 0.4% in October. Personal income also exceeded expectations, rising by 0.6%, suggesting that households are still managing to spend despite rising costs. 𝟯. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗙𝘂𝘁𝘂𝗿𝗲 𝗘𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀: Following the inflation report, traders increased their bets on a potential interest rate cut by the Fed in December, with a 66% probability of a quarter-percentage-point reduction. This reflects market sentiment that the Fed may continue to navigate a delicate balance in monetary policy. As inflation dynamics evolve, understanding these trends is crucial for making informed investment decisions. At Altive, we are dedicated to helping investors navigate the complexities of the market landscape. ❇️ Contact our team of experts—Abby Mak, Alex Chu and Sophie Cai today to explore how our alternative investment solutions can enhance your portfolio! 🔎 For more insights, check out the full article here: https://shorturl.at/zqXE8 𝘋𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳: 𝘛𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘤𝘰𝘯𝘵𝘢𝘪𝘯𝘴 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘧𝘳𝘰𝘮 𝘱𝘶𝘣𝘭𝘪𝘤 𝘴𝘰𝘶𝘳𝘤𝘦𝘴, 𝘢𝘯𝘥 𝘢𝘯𝘺 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴 𝘮𝘢𝘥𝘦 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘪𝘵𝘴 𝘤𝘰𝘯𝘵𝘦𝘯𝘵𝘴 𝘢𝘳𝘦 𝘢𝘵 𝘵𝘩𝘦 𝘳𝘦𝘢𝘥𝘦𝘳'𝘴 𝘰𝘸𝘯 𝘳𝘪𝘴𝘬. 𝘛𝘩𝘦 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘰𝘯 𝘈𝘭𝘵𝘪𝘷𝘦’𝘴 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘢𝘳𝘦 𝘰𝘯𝘭𝘺 𝘧𝘰𝘳 𝘗𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭 𝘐𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴 𝘢𝘴 𝘥𝘦𝘧𝘪𝘯𝘦𝘥 𝘪𝘯 𝘵𝘩𝘦 𝘚𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘢𝘯𝘥 𝘍𝘶𝘵𝘶𝘳𝘦𝘴 𝘖𝘳𝘥𝘪𝘯𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘪𝘵𝘴 𝘴𝘶𝘣𝘴𝘪𝘥𝘪𝘢𝘳𝘺 𝘭𝘦𝘨𝘪𝘴𝘭𝘢𝘵𝘪𝘰𝘯𝘴 𝘪𝘯 𝘏𝘰𝘯𝘨 𝘒𝘰𝘯𝘨. #PrivateMarkets#AlternativeInvestments#PortfolioDiversification#WealthManagement#Altive
