Category Archives: WBAP 24/7 News

Federal Reserve’s Preferred Inflation Gauge Shows Price Pressures Eased Last Month

Federal Reserve’s Preferred Inflation Gauge Shows Price Pressures Eased Last Month

WASHINGTON (AP) — 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. 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…MORE