US inflation rose to 2.7% in November
- Us inflation increased by 2.7% in november, according to the latest inflation report.
- The moderate inflation growth may encourage the federal reserve to continue cutting interest rates at its upcoming meeting.
- President joe biden highlighted lower inflation, which peaked at over 9% in june 2022 during his term.
- The inflation rise is not significant enough to discourage the federal reserve from its current plans.
284 Articles
284 Articles
South Florida Reporter
MoneyThese 10 Items Got Hit the Hardest by Inflation in 2024
By: Adam Hardy – Editor: Kaitlin Mulhere – 4 Minute read As the year closes out, inflation is refusing to go down without a fight. The Labor Department released its last inflation report in 2024 on Wednesday, showing that prices rose 2.7% for the year ending in November. (December’s report comes out mid-January.) While the the numbers were in line with expectations, this marks the second month in a row where prices ticked up on a yearly basis…
ABC, NBC Punt on Latest Inflation Report Showing Biden Economy Continuing to Sputter
ABC, NBC Punt on Latest Inflation Report Showing Biden Economy Continuing to Sputter On Wednesday and Thursday, ABC and NBC have omitted from their flagship morning and evening newscasts the Wednesday morning release of the November inflation report (known as the Consumer Price Index) that showed the Biden economy coming to an end on a sputtering note with a jump in prices of 2.7 percent from this time a year ago. With the Federal Reserve and e…
Inflation Ticks up Slightly in November, CPI Report Says
Another month, another frustratingly sticky inflation report. On Wednesday, the US Bureau of Labor Statistics released the latest Consumer Price Index figures, which showed prices increased 2.7% year-over-year in November and 0.3% from the month prior. Still, the devil’s in the details, and a rate cut still looks all but certain when the Federal Reserve meets next week. Home is Where the Inflation No Longer Is In one of the final CPI reports bef…
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