US Inflation Drops in November, Raising Concerns for Fed
TL;DR Summary
US inflation unexpectedly dropped in November, with consumer prices falling by more than anticipated, according to economic data. This could potentially impact the Federal Reserve's decision on interest rates.
- Fed's preferred measure of US inflation falls in November Financial Times
- PCE inflation November 2023: CNBC
- Prices fell last month for the first time since April 2020 CNN
- What to Watch in Friday's Spending Report: Inflation Closing In on Fed's Target The Wall Street Journal
- US Core PCE Prices November 2023: Rose by Less Than Forecast Bloomberg
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