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Live Coverage: US inflation, GDP and jobs figures set to shake markets ahead of Thanksgiving

The article from FXStreet discusses the upcoming economic data releases in the United States that are expected to influence financial markets just before the Thanksgiving holiday in 2024. Key points include the release of the Personal Consumption Expenditures (PCE) price index, which is the Federal Reserve's preferred measure of inflation, expected to show a slight decrease in the core rate to 2.5% year-over-year. Additionally, the third-quarter GDP figures are anticipated to confirm a robust economic growth rate, potentially around 5.2% annualized, signaling strong economic health. The labor market data, including the Non-Farm Payroll (NFP) and unemployment rate, are also due, with expectations of continued job growth but at a moderating pace. These releases are critical as they could affect expectations for Federal Reserve policy decisions, particularly concerning interest rates. The article also notes that markets might experience volatility due to these reports, compounded by the holiday season's typically lower trading volumes, which could amplify market reactions.

Read the Full FXStreet Article at [ https://www.fxstreet.com/analysis/live-coverage-us-inflation-gdp-and-jobs-figures-set-to-shake-markets-ahead-of-thanksgiving-202411270905 ]