Fed's main gauge shows inflation at 2.8% in November, edging further away from target
CNBC·2026-01-22 23:21
People shop at a Costco store in the Staten Island borough of New York City, U.S., Jan. 16, 2026.Inflation drifted slightly further from the Federal Reserve's target in November though in line with expectations, according to the central bank's preferred gauge released Thursday.The personal consumption expenditures price index, a Commerce Department measure the central bank uses as its main forecasting tool, showed inflation at 2.8% for the month both for headline and core, in line with the Dow Jones consens ...