Not so good news on the inflation front as consumer prices increased at an annual rate of 2.7% in November, slightly higher than October's 2.6%.
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00:00Not so good news on the inflation front, as consumer prices increased at an annual rate of 2.7 percent in November,
00:08much higher than the Fed's goal of 2 percent, slightly higher than October's 2.6 percent.
00:14The Labor Department reported a monthly rise of 0.3 percent in the overall consumer price index.
00:21Core inflation, which excludes food and energy, remains steady at 3.3 percent annually, with a 0.3 percent monthly increase.
00:30These figures signal persistent challenges for both households and policymakers.
00:35Most importantly, the Federal Reserve is still projected to cut rates by 25 basis points when it convenes next week.