Federal data indicate that inflation continued to abate in November. Year over year, the Consumer Price Index showed an increase of 3.1%. The Producer Price Index, which measures the average price changes that businesses pay to suppliers, rose at a slower pace of 0.9%, and was unchanged in November. OMA Connections Partner RSM reports that the Federal Reserve has signaled it is poised to reduce its policy rate by 75 basis points next year, with more cuts after that. The firm expects rate cuts to start around June. 12/14/2023