President Donald Trump told an energetic crowd packed with thousands of supporters on Dec. 9 that his administration’s policies are lowering the cost of living across the United States. Trump described efforts underway to tame inflation, which accelerated during the COVID-19 pandemic and under his predecessor, President Joe Biden, to levels as high as 9.1 percent. He said prices are down for some groceries, including butter, eggs, fruit, pasta, and rice, among other items.

The Federal Reserve’s final policy meeting of the year is expected to end with an interest rate cut, but all eyes will be on Federal Reserve Chairman Jerome Powell’s outlook for 2026. Investors overwhelmingly anticipate that Fed officials will vote to lower rates by a quarter point, shifting the target range from 3.75 to 4 percent to 3.5 to 3.75 percent, according to the CME FedWatch Tool.

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