Reposted by @1power-me.bsky.social
Inflation ticks up to 2.8% in November as consumer spending jumps 0.5%, federal data show. Stubborn price growth likely forces the Fed to hold interest rates steady next week, complicating policy pivot despite cooling labor market. Voters, however, say government numbers are too low, untrustworthy.
apnews.com
Prices ticked up in November as Americans keep spending, a key inflation measure shows
The Federal Reserve’s preferred inflation gauge ticked up in November in the latest sign that price increases remain stubbornly elevated.
