( ) -q-29- UNDATED (Correspondent Jeremy House) “their previous estimate.” An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. [CutID: <Cuts> CONSUMER-PRICES-house-q-FRIam.mp3 Time: 29s Title: CONSUMER-PRICES-house-q-FRIam Out-cue: their previous estimate] TAG: Correspondent Jeremy House reporting. —————————– […]
Audio
Federal Reserve’s preferred inflation gauge shows price pressures eased last month
( ) -q-29- UNDATED (Correspondent Jeremy House) “their previous estimate.”
An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains.
[CutID: <Cuts> CONSUMER-PRICES-house-q-FRIam.mp3
Time: 29s
Title: CONSUMER-PRICES-house-q-FRIam
Out-cue: their previous estimate]
TAG: Correspondent Jeremy House reporting.
—————————–
VERBATIM: Prices rose just 0.1% from October to November. Excluding the volatile food and energy categories, prices also ticked up just 0.1%, after two months of outsize 0.3% gains. The milder inflation figures arrived two days after Federal Reserve officials rocked financial markets by revealing that they now expect to cut their key interest rate just two times in 2025, down from four in their previous estimate.