November, Inflation
Digest more
Bank of England, inflation and Interest Rate
Digest more
Trump, inflation
Digest more
10h
Inflation cooled in November to 2.7%, but economists say to take it with ‘the entire salt shaker’
Inflation unexpectedly – and sharply – slowed in November, a seemingly welcome change for Americans weighed down by the persistently high cost of living.
6hon MSN
Harvard economist says Trump inflation report leaves ‘no other way to spin it’ but good news
Harvard economist calls the latest inflation report "positive news" as the rate falls to 2.7%, surprising analysts who expected it to stay above 3%.
Consumer prices rose 2.7% in November compared to a year earlier, marking a notable reduction from 3% year-over-year inflation in September, the most recent month for which complete data is available. Inflation stands at its lowest level since July.
“Big picture, we're seeing a weakening labor market, maybe inflation that's relatively stable, possibly coming down a little bit, but still above the Fed's 2% target,” said Ann Owen at Hamilton College. The data were collected in late November, during peak Black Friday discount season.
Commerce Secretary Howard Lutnick says the drop in inflation to 2.7% shows White House policies are working, even as consumer confidence remains low.
5hon MSN
Wall Street rises after an encouraging inflation update, as Micron helps AI stocks stop their slide
U.S. stocks are rising following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year.
The cost of living in November was up 2.7% from a year ago, according to a report Thursday from the Labor Department. That's a smaller annual increase than for the 12 months ending in September.
Inflation in November fell to 2.7%, the Bureau of Labor Statistics said Thursday, a positive sign for consumers on its face. However, November’s data was collected later than normal. The released figures may include significant holiday discounting,
Feedback