Wednesday’s report from the Labor Department on the consumer price index “shows a meaningful reduction in headline inflation over last month, with gas prices and food prices falling,” Biden said in a statement on Wednesday.
“At the same time, this report underscores that we still have more work to do, with price increases still too high and squeezing family budgets,” Biden said. Biden’s top economic adviser on Wednesday noted the Fed’s role in combating price increases. Speaking in an interview on Bloomberg Television’s “Balance of Power With David Westin,” White House National Economic Council Director Brian Deese underscored Biden’s support for Fed independence and its efforts to make sure “these price increases don’t become entrenched.
Excluding the volatile food and energy components, so-called core prices accelerated from a month earlier, rising by a larger-than-forecast 0.6%. The measure jumped 5.5% from a year earlier, the biggest advance since 1991. The energy index declined 0.4% from November, the first monthly decline since April as gasoline prices slid. Food inflation climbed 0.5%, a slight deceleration from the previous month due to falling costs for meats.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I bless the day I discovered your page Robert_BAR1 you are a very positive and determined woman... Thanks for making me earn so much
My 6 year old started school on an empty stomach yesterday. She came back and there was till no food💔😭. I'm struggling to find employment and in my struggle my family is suffering. Please assist us with mealie meal🙏🏻. We'll eat it with sugar water🙇♂️
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden imposes first sanctions over North Korea weapons programme after missile tests - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Biden administration on Wednesday imposed its first sanctions over North Korea’s weapons programmes following a series of North Korean missile launches, including two since last week. Another successful transaction Tired of living check to check low on cash for bills and rent e.t.c Fast, instant payment and secure transaction Serious client only should DM me tap in to start flip💯 William_Eddiy For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Derrick_Jones39 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him
Source: SABCNews - 🏆 37. / 51 Read more »
International Finance: U.K. Lords See No Convincing Case for BOE to Make Digital PoundsA panel of lawmakers from the U.K. Parliament delivered a blow to the Bank of England’s effort to launch a digital currency, saying officials have given no convincing reason it’s needed.
Source: dailymaverick - 🏆 3. / 84 Read more »
International Finance: Hong Kong Home Prices to Fall As Residents Leave, UBS SaysHong Kong’s home prices are set to decline in 2022 as residents continue to leave the city, according to UBS Group AG. Thanks you for the great review that we had the other day. You made it easier for me to understand MichaelWeldon_ $43k earned🙌
Source: dailymaverick - 🏆 3. / 84 Read more »
France says still far from reviving 2015 Iran nuclear deal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Iran and world powers are still far from any agreement to revive their 2015 nuclear deal despite making some progress at the end of December, France’s Foreign Minister said on Tuesday. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: SABCNews - 🏆 37. / 51 Read more »