Cheap gas helps drive down November inflation as Fed gathers
Mostly positive report should bolster Fed’s pause on interest rate adjustments though services inflation still running hot
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Mostly positive report should bolster Fed’s pause on interest rate adjustments though services inflation still running hot
WASHINGTON — Held down by sinking gas prices, U.S. inflation was mostly unchanged last month. But underlying price pressures — from apartment rents, restaurant meals, auto insurance and many other services — remained stubbornly high. Last month’s inflation data arrived just a day before the Federal Reserve will end a
Held down by sinking gas prices, U.S. inflation was mostly unchanged last month
This week's Federal Reserve meeting is likely to mark a substantial turning point for policymakers.
Held down by sinking gas prices, U.S. inflation was mostly unchanged last month.