US Inflation Rises to 2.7% in November 2024
In a continued reversal from months of easing, US inflation has risen to 2.7% in November 2024. Indeed, the US Consumer Price Index (CPI) shows that inflation is up for the second straight month. Specifically, it increased from 2.6% in October, which came after seven months of falling inflation for the country. The data will be crucial for the Federal Reserve as they once again decide whether or not to cut interest rates. The central bank is set to meet next week, where they will make the crucial decision. With inflation increasing, all eyes are on if officials will still follow through with an expected cut. BREAKING: US inflation rises to 2.7%. — Watcher.Guru (@WatcherGuru) December 11, 2024 Also Read: Trump to Speed up Permits for Anyone Investing $1B in the US US Inflation Rises Yet Again as Federal Reserve Nears Interest Rate Decision For the last two years, the United States has been embraced in a vicious fight against inflation. In June of 2022, the figure reached a peak of 9.1%...