CPI rose 2.7% in November from a year ago as Fed struggles to snuff out inflation
Last month's CPI was forecast to come in at 2.7%, according to economists surveyed by financial data firm FactSet. The Consumer Price Index, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.
CPI shows uptick in inflation before final 2024 rate decision from Federal Reserve
New data from the Labor Department shows the consumer price index, a key inflation gauge, rose 0.3% in November. That will likely impact the Federal Reserve's final interest rate decision of 2024. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Inflation has risen since the summer and raised anxiety at the Federal Reserve, but a welcome slowdown in housing costs could ...
Consumer Price Index data sealed the deal for a December rate cut, but the outlook for next year is less certain.
U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal ...
The dollar was higher on Wednesday after U.S. price data came in line with forecasts, reinforcing expectations the U.S.
The Dow falls, while the S&P 500 and Nasdaq close higher Wednesday after the stock market reacts to the CPI inflation report.
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