Fed’s preferred inflation gauge shows price pressures continuing to cool

( ) -q-19- UNDATED (Correspondent Jeremy House) “than 2.5 years.”

The Federal Reserve’s preferred inflation measure cooled last month.

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TAG: Correspondent Jeremy House reporting. It’s the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth. Excluding volatile food and energy costs, increases in so-called core prices also slowed. They rose just 0.2% from September to October, down from a 0.3% increase the previous month. Compared with 12 months ago, core prices rose 3.5%, below the 3.7% year-over-year increase in September.

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VERBATIM: Prices were unchanged from September to October, down from a 0.4% rise the previous month. Compared with a year ago, prices rose 3% in October, below the 3.4% annual rate in September. It was the lowest year-over-year inflation rate in more than 2 1/2 years.

Sandra Day O’Connor, first woman on Supreme Court, has died

The first woman to sit on the U-S Supreme Court has died. Sandra Day O’Connor made history as the first woman justice when she was nominated by President Ronald Reagan in 1981 and confirmed to the nation’s highest court. She often was the swing vote in closely divided cases during her tenure. In a statement, the Supreme Court said O’Connor died of complications related to advanced dementia, probably Alzheimer’s, and a respiratory illness. O’Connor was 93.

Schumer Vows Ukraine Aid Vote By December 4th

A group of 17 Republican attorneys general take on the Biden administration

A group of 17 Republican attorneys general take on the Biden administration

VERBATIM: They have sent a letter to Washington, decrying a proposed rule that would require any foster child who identifies as LGBT be placed ONLY with parents who promise to affirm their lifestyle and “provide services necessary for their health and well-being”. That would include sex-change operations. The attorneys general point out that some states are banning those kinds of surgeries on children because of their devastating consequences. Michael Harrington, SRN News.

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