Trump, Fed and inflation
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Prices rose 2.7% in December from a year ago, a sign that inflation continues rising but in line with the pace seen in recent months.
The latest release of inflation statistics shows price growth was in line with what economists expected after the government shutdown resulted in a confusing November reading. The consumer price index climbed 2.
President Trump declared inflation “defeated” during a speech at the Detroit Economic Club on Tuesday despite a report earlier that day showing annual price growth of 2.7 percent, putting pressure
Price increases and affordability have become a central concern for Americans and the GOP ahead of this year's Midterm Elections.
Inflation is rising to a greater degree in the Bay Area than nationwide. The nation’s consumer price index rose at a yearly pace of 2.7% in December, the Bureau of Labor Statistics reported.
Interest rates set by the Bank of England should continue to fall as inflation is likely to settle around the central bank's 2% target soon, BoE policymaker Alan Taylor said on Wednesday.
Good morning. Today’s most important economic data readout, the Consumer Price Index is just out — and it’s looking pretty good. In the month of December, inflation rose 0.3% month-over-month to 2.7% on the year. And even better, the Core Inflation rate grew just 0.2% to 2.6% year-over-year.
This past month’s inflation rate was 2.7 percent, matching November’s rate and lower than September’s 3.0 percent, according to the Bureau of Labor Statistics Consumer Price Index, a data-rich report that tracks the rise and fall of the price of consumer goods and services.
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