US inflation rose 3.1% in November, stubbornly above Fed’s target

12-12-2023 Business NY Post - Business 20

US inflation rose 3.1% in November, stubbornly above the Federal Reserve’s long-term target and bolstering the case for central bankers to keep interest rates at current levels this spring. The Consumer Price Index — which tracks changes in the costs of everyday goods and services — was down slightly from October’s 3.2% reading, in line...

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