Exclusive for Subscribers from Monday to Friday: Why Unified Payments Interface, Unlawful Activities (Prevention) Act (UAPA)and bail are relevant to the UPSC Exam? What significance do topics like India-Myanmar bilateral relations, the 286th Law Commission Report and Indian espionage case in Qatar have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for February 13, 2024.
Set for release at 8:30 a.m. ET Friday, the Bureau of Economic Analysis will unveil the Personal Consumption Expenditure (PCE) price index report for December. This index is also referred as the Federal Reserve's favorite inflation gauge, heavily influencing their monetary policy decisions in the coming months.
December's inflation report is crucial for Fed's decisions, economists predict 3.2% increase in CPI, with potential for rate cut in March. Market and Fed will closely monitor inflation for future decisions.