- by foxnews
- 18 Nov 2024
US cost of living continues to rise but inflation appears to finally be slowing
US cost of living continues to rise but inflation appears to finally be slowing
- by theguardian
- 14 Dec 2022
- in news
1.8 k views
The cost of living continued to rise at levels unseen in decades in November, the US Bureau of Labor Statistics reported on Tuesday, but the rate of inflation does appear to be finally slowing.
The Fed has been hiking interest rates at their fastest pace since the 1980s as it seeks to slow the economy and bring prices down. It is expected to announce another rate rise on Wednesday, its eighth consecutive increase.
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