Inflation eased in Nov., delayed report shows
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inflation, Treasury yields
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Consumer prices rose 2.7% in November from a year earlier, according to a delayed government report, slowing from 3% in September.
Millions of Americans braced for runaway inflation in response to President Trump's aggressive import tariffs. They're still waiting.
The Bureau of Labor Statistics released the November consumer price index which showed that CPI inflation remained well above the Federal Reserve's 2% target rate.
Inflation, which measures the rate of price increases over time, remains above the Bank of England's 2% target.
White House economic advisor Kevin Hassett, who is on a shortlist to potentially become Federal Reserve leader, said on Fox Business Friday that President Donald Trump is right when he says inflation is low,
Inflation was lower than expected in November, the BLS reported yesterday, in the first official inflation release since October following the extended government shutdown earlier this fall.
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Harvard economist says Trump inflation report leaves 'no other way to spin it' but good news
Harvard economist calls the latest inflation report "positive news" as the rate falls to 2.7%, surprising analysts who expected it to stay above 3%.