Congress May Revisit the Expanded Child Tax Credit in the Lame Duck Session. But Terms May Not Be as Generous as in 2021
"The monthly increase in producer prices illustrates the need for continued tightening, albeit at a slower pace," said Jeffrey Roach, chief economist at LPL Financial."The inflation pipeline is clearing and consumer prices will slowly move closer to the Fed's long run target." On the goods side, the index rose just 0.1%, a steep decline from its 0.6% October gain. That modest gain came despite a 38.1% acceleration in prices for fresh and dry vegetables. Prices moved higher across multiple food categories even as the gasoline index tumbled 6%.
.75 or 100 coming soon to a meeting near you
But it is lower...
Americans is still dreaming.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wholesale inflation rises faster than expected in November as high prices persistInflation at the wholesale level increased faster than expected in November as producer prices remain stubbornly high, the Labor Department reported on Friday. There's no need to worry the railroad workers got a raise to keep up with inflation BIDEN'S PLAN FOR THE ECONOMY IS WORKING.
Source: FoxBusiness - 🏆 458. / 53 Read more »
U.S. wholesale price inflation picks up in November, but is lower for yearU.S. wholesale prices rose 0.3% in November, the Labor Department said. The increase in producer prices over the past 12 months slowed to 7.4% gain from 8.1% in the prior month. This is down from the peak of 11.7% in March. Higher but lower, higher but lower. Sounds like BS to me. What about you? Higher but lower. Still about 3 times too high not there yet
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock futures are flat as traders look ahead to November wholesale inflation reportInvestors are looking ahead to Friday's producer price index report, a measure of inflation. Remember friends! You can vote your way into communism, but eventually, your grandkids will have to shoot their way out.
Source: CNBC - 🏆 12. / 72 Read more »
Stock futures rise as traders look ahead to November wholesale inflation reportHere’s a look at today’s pre-market movers with FrankCNBC: - $NFLX rises after Wells Fargo upgrade - Casino stocks $WYNN $LVS rise as Deutsche gets bullish on betting - $DOCU surges after Q3 results - $LULU slides as Q4 guidance disappoints
Source: CNBC - 🏆 12. / 72 Read more »
Wholesale inflation in U.S. further slowed in November to 7.4%Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool.
Source: WashTimes - 🏆 235. / 63 Read more »
Wholesale inflation in US further slowed in November to 7.4%The latest year-over-year figure was down from 8% in October and from a recent peak of 11.7% in March.
Source: wsfa12news - 🏆 338. / 59 Read more »