2023-12-22 15:59:00
For the first time since April 2020, prices have fallen in the United States on a monthly basis. According to the PCE index, a gauge favored by the Fed, published Friday by the Commerce Department, the prices that American households pay for goods and services decreased in November by 0.1% compared to the previous month, this which brings the annual inflation rate to 2.6%, compared to 2.9% in October.
This rate is close to the 2% objective targeted by the Fed. It is accompanied by an increase in household spending of 0.2% on a monthly basis and in household income of 0.4%.
Commented Joe Brusuelas, chief economist of RMS US: “This data is consistent with a strong and growing economy, supported by income increases above inflation and a dynamic labor market as inflation falls. »
The White House communications director did not fail to note a detail likely to help the cause of Joe Biden, his boss:
— Ben LaBolt (@WHCommsDir) December 22, 2023
(Photo Getty Images)
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Categories: Economy, United States•Tags: Joe Biden, Joe Brusuelas•
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