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
Kenya tells tea factories to cut ties with Rainforest Alliance due to costs
The Trump-Musk feud shows danger of handing the keys of power to one person
Trump tariffs could wipe out European steel sector, senior industry figure says