Analysis unavailable for this viewpoint.

• Though the Federal Reserve's favored inflation gauge fell below expectations in November, the core PCE remains above the desired target, indicating that inflation control remains a priority.
• Consumer spending has increased modestly, reflecting the economy's resilience, yet incoming data will heavily influence the Fed's decision-making concerning interest rates and maintain market stability.
• The Fed's recent rate cuts are seen as crucial to maintaining economic momentum, even as they consider the potential impacts of the new administration's policies on inflation and growth.