CPI rose 2.7% in November from a year ago as Fed struggles to snuff out inflation
Last month's CPI was forecast to come in at 2.7%, according to economists surveyed by financial data firm FactSet. The Consumer Price Index, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.
Consumer Price Index data sealed the deal for a December rate cut, but the outlook for next year is less certain.
The Labor Department released new inflation data for November, which showed that prices were up 2.7% from a year ago as the Federal Reserve weighs another interest rate cut.
U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal ...
Traders in the federal-funds-futures market are pricing in a very high probability that the Federal Reserve will cut its benchmark rate next week. Will the market expectations become a self-fulfilling ...
Water and sewerage bills will continue to rise in line with inflation after Tynwald backed Manx Utilities' updated five-year ...
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what to know about the prices of products after ...
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