Federal reserve could cut rates for third time this year as prices rise 2.7% compared with a year before
The rate of US inflation barely moved in November, the last piece of major economic news before the Federal Reserve weighs whether to cut interest rates for the third time this year at its meeting next week.
Prices rose 2.7% in November compared with a year before, according to consumer price index (CPI) data released by the Bureau of Labor Statistics (BLS) on Wednesday measuring the prices of select goods and services.
About Author
More Stories
EU should spare carmakers from ‘punitive’ emissions fines, says Scholz
Albania bans TikTok for a year after fatal stabbing of teenager last month
Will Japan’s close ties with US survive the caprice and quirks of Donald Trump?