Investors continue to be optimistic that the Federal Reserve will begin a series of rate cuts throughout 2024. The real question is not if the Fed will cut rates next year, but when they will begin and how deep the interest rate cuts will be.

This morning, the US Bureau of Economic Analysis released the PCI index for November. As this report is the preferred inflation measure of the Federal Reserve, it garners our attention.

Today, the BEA (Bureau of Economic Analysis) released its third and final estimate for third quarter GDP.