Headline inflation, which includes all categories, rose 7.1% annually in November. In October, "core" inflation rose 0.3% and 6.3% on a monthly and annual basis, respectively. "Core" inflation, which strips out the more volatile food and energy components and is the Fed's preferred way of gauging price pressures, rose 0.2% month-on-month and 6% over the prior year in November. inflation data showed a slowdown in price increases for the second-straight month. Wednesday's announcement will come just a day after U.S. Some encouraging signs on the inflation front, however, appear to be emerging. The Fed is walking a fine line between raising rates too much and causing a recession, but not raising rates enough to cool inflation. “The Fed has made clear they’ve moved a lot and because their actions take effect with a lag, they do need to wait and be patient to see how much the increase bites into the economy in coming months,” Tony Roth, Chief Investment Officer at Wilmington Trust, said in an interview. ![]() Powell discussed the economic outlook, inflation and the labor market. Federal Reserve Jerome Powell looks over notes while speaking at the Brookings Institution, Novemin Washington, DC.
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