2 Target News Today

Mann made the remarks at an event organised by hedge fund Citadel, consultancy CEPR and the International Center for Monetary and Banking Studies.

​​Thursdays report from the Labour Department showed that overall prices rose 0.3% from November and 3.4 % from 12 months earlier. ​​Those gains exceeded the previous 0.1 % monthly rise and the 3.1 % annual inflation in November. Excluding volatile food and energy costs, so-called core prices rose just 0.3% month over month, unchanged from Novembers rise.