Excluding volatile food and energy costs, though, so-called core prices rose mildly month over month.
inflation
Posted inBusiness
U.S. inflation is set to fade in 2024 as goods prices keep falling
Goods prices overall have stopped rising and some, like those for cars, are falling.
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Posted inBusiness, Nation & World, News
Congressional Budget Office projects lower inflation, higher unemployment over next 2 years
The office’s Current View of the Economy from 2023 to 2025 report estimates that the unemployment rate will rise to 4.4% by the end of 2024.
Posted inBusiness, Nation & World, News
Federal Reserve keeps key interest rate unchanged, foresees 3 rate cuts next year
It is the first time since inflation first spiked that the central bank has formally acknowledged progress in its fight against accelerating prices.
Posted inBusiness, Nation & World, News
U.S. consumer inflation eased slightly as gas prices fell, though some costs kept surging
Compared with a year earlier, prices were up 3.1% in November, down from a 3.2% year-over-year rise in October.
Posted inBusiness, Nation & World
World economy to slow next year because of inflation, high rates and war, OECD says
The Organization for Economic Cooperation and Development expects the world’s two biggest economies, the United States and China, to decelerate next year
Posted inBusiness, Nation & World, News, Politics
Biden says he’s helped lower inflation as he hosts first meeting of his new supply chain council
The president used the council meeting to announce 30 actions to improve access to medicine and needed economic data as well as other programs tied to the production and shipment of goods.
Posted inBusiness
Key Fed official sees possible ‘golden path’ toward lower inflation without a recession
Austin Goolsbee’s optimistic outlook for inflation underscores why analysts increasingly think the Fed’s next move will be a rate cut, rather than an increase.
Posted inBusiness
What’s pushing inflation down? More goods, workers and housing
However, even as overall price increases slow, it doesn’t mean inflation is reversing or that most prices are returning to pre-pandemic levels.
Posted inLocal & State, News
One-third of Maine workers are struggling to make ends meet, report says
And that doesn’t include the 12% of Maine people living below the poverty line.