Inflation Remains Steady, But Still Above Fed's Target
TL;DR Summary
Inflation in the US remained moderate in November, with consumer prices rising 3.1 percent in the year through November. The Federal Reserve is expected to leave interest rates unchanged at its final meeting of the year, as inflation has cooled substantially from its peak in June 2022. The latest data showed that overall inflation climbed 0.1 percent on a monthly basis, down from 3.2 percent in October and significantly lower than the peak of over 9 percent in the summer of 2022.
Topics:business#consumer-price-index#economy#federal-reserve#inflation#interest-rates#jerome-h-powell
- Inflation Holds Roughly Steady Ahead of Fed Meeting The New York Times
- Inflation cools further in November as energy prices fall, housing costs remain sticky Yahoo Finance
- November CPI shows prices increasing at a slower rate MSNBC
- Inflation Gains: Core CPI Up 0.3% in Nov, Sustaining Fed's Rate Push Bloomberg
- Inflation, going in the right direction, is still twice as high as the Fed's target Washington Examiner
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