Experts…Inflation falls…Consumers…Prices ARE Still High….

I have to admit gas prices Have fallen…..

But?

Absent the Thanksgiving Sales?

Prices ARE still High…

And?

People will spend for Christian and pay their credit card bill until the Spring or with their tax returns if they get one….

BTW?

President Biden’s student loan debt forgivness  despite opposition from some states IS a damn good thing…..

And ole Jerome at the Fed finally stopping interest rate hikes IS appreciated…

 

U.S. inflation ticked down again last month, with cheaper gas helping further lighten the weight of consumer price increases in the United States.

At the same time, the latest data on consumer inflation showed that prices in some areas — services such as restaurants, used cars and auto insurance — continued to rise uncomfortably fast.

Tuesday’s report from the Labor Department said the consumer price index rose just 0.1% from October to November. Compared with a year earlier, prices were up 3.1% in November, down from a 3.2% year-over-year rise in October.

Core prices, which exclude volatile food and energy costs, rose 0.3% from October to November, slightly faster than the 0.2% increase the previous month. Measured from a year ago, core prices rose 4%, the same as in October. The Federal Reserve considers core prices to be a better guide to the future path of inflation.

The mixed picture in Tuesday’s inflation report will likely keep the Fed on track to leave its benchmark interest rate unchanged when its latest meeting ends Wednesday. Inflation still exceeds the Fed’s 2% annual target, which is why its officials are set to leave rates high. But with inflation cooling faster than expected, the Fed’s policymakers likely see no cause to further raise rates, at least for now.

The Fed’s widely expected decision to keep its key rate unchanged for a third straight time suggests that it’s probably done raising borrowing costs…

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