Inflation increased in November, complicating Fed's next rate decision
The inflation gauge makes up the last piece of significant economic data before the Fed announces its next interest rate decision on Dec. 18. A finding of accelerated price hikes may give the Fed pause as it weighs interest rate cuts.
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.
Fed, Jerome Powell and Trump
Hosted on MSN39m
Why Labor Data Matters for Mortgage Rates and the FedInflation and employment data provide insights into the general health of the economy, influencing whether the Federal ...
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision ...
Bitcoin has suddenly rocketed higher, climbing back over $100,000 per bitcoin as FOMO sweeps Wall Street. The bitcoin price, ...
Richard Fisher, former Dallas Fed president, joins CNBC's 'Closing Bell' to discuss whether the Fed should cut interest rates ...
The U.S. dollar is likely to remain strong versus the euro as the Federal Reserve faces a tougher battle against inflation ...
But when the Fed started slashing interest rates in September, with an initial cut of half a percentage point, the average ...
A fresh inflation reading that met Wall Street expectations is likely to keep the Federal Reserve on track to cut interest ...
Bitcoin (BTC-USD) climbed past the six-figure mark once again on Wednesday, driven by inflation data that matched ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback