WASHINGTON — A key inflation measure closely watched by the U.S. Federal Reserve rose at the fastest pace in 39 years in November, increasing pressure on the central bank to tighten monetary policy. The personal consumption expenditure (PCE) price index, the Fed’s preferred inflation measure, jumped 5.7 percent in November from a year ago, the … Read more
WASHINGTON — U.S. consumer prices in November rose at the fastest annual pace in almost 40 years, increasing pressure on the Federal Reserve to tighten monetary policy, the U.S. Labor Department reported on Friday. The consumer price index (CPI) last month rose 0.8 percent from the previous month and 6.8 percent from a year earlier, … Read more
WASHINGTON — The U.S. Federal Reserve could speed up the pace of tapering asset purchases as U.S. inflation surged to a 30-year high, a senior Fed official said on Tuesday. “I think it behooves the committee to go in a more hawkish direction in the next couple of meetings so that we are managing the … Read more
