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Slowing Inflation Could Intensify Fed Debate Over When to Stop Raising Rates
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The Federal Reserve remains on track to lift interest rates by 0.5 percentage point on Wednesday to fight high inflation, but two straight months of moderating price pressures could complicate officials’ deliberations over how high to raise rates early next year.
Consumer prices climbed 0.1% in November from the previous month and 7.1% from a year earlier, the Labor Department said Tuesday, both down notably from comparable previous increases.
Read more on wsj.comAbout this in other media
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely wsj.com /1 year ago
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely wsj.com /1 year ago
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