US Inflation Continues to Ease, But Wages Will Keep Fed on Alert
US inflation continued to ease into the end of 2022 and expectations of future increases dropped, reinforcing hopes that the worst bout of price pressures in a generation has finally passed. The Federal Reserve’s preferred inflation gauges cooled in November, including a headline annual measure that registered the smallest increase in over a year, according to Commerce Department data released Friday. Consumers’ year-ahead inflation expectations dropped this month to the lowest since June 2021, a survey by the University of Michigan showed. However, wages are still climbing much too fast for the Fed’s liking
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