The central bank said it is harder to gauge where inflation is headed, in part because of uncertainty around Trump's policies
Pace of rate cuts expected to slow this year given positive economic reports
The consumer price index rose 2.9% from a year earlier, but core inflation eased slightly
Prices rose just 0.1% from October to November: U.S. Commerce Department
Following its third cut this year, Fed signals fewer reductions in 2025
Economists now expect only two or three Fed rate cuts in 2025
Political clashes might be inevitable in the next four years
President-elect Trump has made numerous public criticisms of the Fed, Powell
Price pressures prove stubborn, a sign that inflation's steady decline over the past two years has stalled in recent months
Consumer prices rose 2.6% from a year earlier, up from 2.4% in September