The latest inflation figures are the final piece of data that Federal Reserve officials will consider before they meet to decide on interest rates. Annual inflation in the United States may have ticked up last month in a sign that price increases remain elevated even though they have plummeted from their painful levels two years ago.Consumer prices are thought to have increased 2.7% in November from 12 months earlier, according to a survey of economists by the data provider FactSet, up from an annual figure of 2.6% in October.
U.s. Inflation Likely Rose In November, But Not Enough To Stop Another Rate Cut By The Fed
Associated Press, Fast Company
Wed, 12/11/2024 - 2:30pm
Topics: annual united states june president-elect donald trump s vice president kamala harris april july-september wall street chair jerome powell additional china goldman sachs federal reserve november october fed september fed s u.s inflation rate cut prices officials interest economy economists rates month tariffs latest consumer bank data key months week core central piece years issue increased thought price earlier figures impose figure meet decide final year increase drive risen expected major costs expect threat high benchmark policymakers higher
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