US Inflation Eases to 2.7% in November, Providing Relief to Consumers
TL;DR Summary
In November, inflation in the US slightly decreased to 2.7%, but rising costs, especially for rent and electricity, continue to strain Americans' finances, with many barely able to cover expenses. Wages are growing but at a slower pace, and concerns about affordability are impacting public opinion on the economy. The Federal Reserve is cautious about further rate cuts to control inflation.
- Inflation cools slightly in November as worries about affordability grip Americans NPR
- CPI Report Live Updates: Inflation Unexpectedly Slowed to 2.7% in November The New York Times
- US consumer prices likely posted largest annual increase in 1-1/2 years in November Reuters
- Delayed inflation data shows price pressures easing, in boost to Trump Politico
- November consumer prices rose at a 2.7% annual rate, lower than expected, delayed data shows CNBC
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