Inflation Rises, But Not as Much as Feared

Inflation rates remained relatively stable in November, with overall inflation at 2.7% and core inflation at 2.6%. Despite expectations of higher rates, these figures were slightly lower than anticipated, offering some relief. However, prices for goods like furniture, household items, and meat continue to rise due to increased import costs and tariffs. This report arrives at a critical juncture for policymakers, as the Federal Reserve grapples with assessing inflation and the job market amidst ongoing tariffs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.