Fed’s preferred inflation gauge ticks up, denting rate-cut hopes: ‘Economy remains on a solid footing’
Inflatie
The Federal Reserve’s preferred inflation gauge ticked up in November in the latest sign that prices remain stubbornly elevated , while consumers spent at a healthy pace. Consumer prices rose 2.8% in November from a year earlier, the Commerce Department said Thursday , up from a 2.7% annual pace in October. Excluding the volatile food and energy categories, core prices also increased 2.8% in November from a year ago, slightly higher than October’s 2.7%. Consumer spending climbed 0.5% in
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