Federal Reserve’s Favored Inflation Gauge Rises 2.6 Percent in November, Suggesting Easing of Price Pressures

All the numbers show somewhat more progress against inflation than economists had expected.

Traders on the floor of the New York Stock Exchange on April 26, 2023. — Traders on the floor of the New York Stock Exchange on April 26, 2023. Michael M. Santiago/Getty Images

PAUL WISEMAN

Dec 22, 2023, 09:02 AM ET