In an exclusive interview with FOX Business' Edward Lawrence, San Francisco Fed President Mary Daley spoke about the upcoming interest rate decisions that will keep the economy in good shape and the potential impact of a second Trump administration.
Inflation rises again in November as prices remain high for consumers, giving Fed policymakers new data to consider ahead of next week's meeting where additional rate cuts could be announced. I got it.
The Labor Department said Wednesday that the Consumer Price Index (CPI), a broad measure of the prices of everyday items such as gasoline, groceries and rent, rose 0.3% in November, bringing the yearly total up to 2.7%.
These numbers were in line with expectations of economists surveyed by LSEG. Both the headline interest rate and the monthly inflation rate increased compared to the October measurements (2.6% and 0.2%, respectively).
So-called core prices, which exclude more volatile measures of gasoline and food to better assess price trends, rose 0.3% on a monthly basis in November and 3.3% year-on-year, both There was no change from last month's measurements.
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