US EditionInflation fell to 2.6% in November in Fed’s preferred gauge
- U.S. consumer prices fell 0.1% last month from October and rose 2.6% from November 2022, the largest month-over-month drop since April 2020. Core inflation, excluding food and energy prices, rose 0.1% from October and 3.2% from a year earlier.
- Inflation is moving down to the Fed's 2% target, allowing room for rate cuts in 2024. Lower rates may affect mortgages and credit cards.
- The Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures price index, cooled to 3.2% for the year ended in November, closer to the 2% target rate.
69 Articles
69 Articles
Inflation eased more than expected in the United States in November and fell to its lowest level in almost three years while consumer spending remained firm, indicators that were welcomed by President Joe Biden. Consumer prices increased 2.6% year-on-year in November, according to the PCE index, the preferred by the Federal Reserve (FED), released on Friday by the Department of Commerce. Inflation was below 3.0%. However, a downward revision of …
'Certainly something to celebrate': Prices fall for the first time in over 3 years
MAGA Republicans have been quick to blame President Joe Biden for inflation, although inflation following the COVID-19 pandemic is hardly limited to the United States. Statista published a list of the 20 countries with the world's high inflation rates in 2023, and the U.S. was nowhere to be found.Inflation has been a global problem, not a problem that is limited to the U.S. And according to new U.S. government data, prices are declining. NBC New…
USA inflatsioon langes novembris 2,6 protsendile, veel oktoobris oli näitajaks 2,9 protsenti. Aeglustuva hinnatõusu näitajad annavad investoritele lootust, et USA föderaalreserv hakkab juba lähikuudel intressimäärasid langetama.
Coverage Details
Bias Distribution
- 42% of the sources lean Left, 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
